What's Going On With First Solar Stock Today?
Portfolio Pulse from Ryan Gustafson
Shares of First Solar, Inc. (NASDAQ:FSLR) are trading lower ahead of the company's Q3 earnings report due on Tuesday. The company is expected to report earnings of $2.06 per share and revenue of $894.12 million. The stock has been trading down since last Friday when the solar sector was impacted by weak Q4 guidance issued by Enphase Energy, Inc.
October 30, 2023 | 7:38 pm
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NEGATIVE IMPACT
First Solar's stock is trading lower ahead of its Q3 earnings report. The stock has been impacted by weak Q4 guidance from Enphase Energy.
First Solar's stock is trading lower due to the upcoming Q3 earnings report and the weak Q4 guidance issued by Enphase Energy, which has impacted the entire solar sector. This could potentially lead to a decrease in First Solar's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100