First Solar shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
First Solar's shares declined following disappointing Q3 results and a reduction in FY24 guidance.
October 30, 2024 | 10:49 am
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First Solar's stock is experiencing a decline due to underwhelming Q3 financial results and a downward revision of its FY24 guidance.
The company's Q3 results were below expectations, which typically leads to a negative market reaction. Additionally, the cut in FY24 guidance suggests potential challenges ahead, further pressuring the stock price.
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IMPORTANCE 90
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