First Solar Sees Strong Growth From Data Center Demand But Faces Policy Uncertainties: Analysts Opine On Q2 Performance
Portfolio Pulse from Anusuya Lahiri
First Solar (NASDAQ:FSLR) reported strong Q2 2024 results, beating revenue and EPS estimates. Analysts have mixed views on the stock due to policy uncertainties and customer caution ahead of the U.S. elections. Despite these challenges, First Solar is expected to benefit from data center demand and potential ASP adders in the future.
July 31, 2024 | 6:25 pm
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First Solar reported strong Q2 2024 results, beating revenue and EPS estimates. Analysts have mixed views due to policy uncertainties and customer caution ahead of the U.S. elections. Despite these challenges, First Solar is expected to benefit from data center demand and potential ASP adders in the future.
First Solar's strong Q2 performance and positive outlook on data center demand are likely to support the stock in the short term. However, policy uncertainties and customer caution ahead of the U.S. elections may create volatility. Analysts' mixed ratings and price targets reflect cautious optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100