Streetbeat News

FSLR

First Solar, Inc.

https://www.firstsolar.com

Industry

Solar

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

Open

194.59

Mkt cap

20B

Volume

4.1M

High

203.92

P/E Ratio

16.40

52-wk high

306.77

Low

190.13

Div yield

N/A

52-wk low

135.88

First Solar (NYSE:FSLR) has seen a rise in its short percent of float by 11.52%, with 5.14 million shares sold short, representing 6.29% of its float. This is higher than the peer group average of 4.40%. It would take traders 2.42 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 27, 2024 | 6:00 pm

Several large-cap stocks performed exceptionally well last week (May 20-May 26, 2024). Notable performers include First Solar, Moderna, E.L.F. Beauty, NVIDIA, International Paper, Analog Devices, Flex, Logitech, BioNTech, and Monday.Com. Key drivers include increased tariffs, better-than-expected earnings, and positive analyst revisions.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 2:44 pm

The Nasdaq 100 surged over 1% on Friday, setting the stage for a record high close and marking its fifth consecutive week of gains. The S&P 500 rose 0.7%, while small-cap stocks saw robust gains. AI-linked stocks and sectors like chipmakers, solar, and power utilities performed well. Treasury yields remained stable, and the U.S. dollar index fell, providing relief to precious metals and crude oil. Several companies saw significant stock movements due to earnings reports.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 5:54 pm

NOAA predicts an aggressive hurricane season for 2024, which could impact various stocks. Home Depot, Lowe's, and Generac may see increased demand, while clean energy companies like First Solar and Enphase Energy could benefit from the focus on climate change. Insurers like Allstate and Berkshire Hathaway may face challenges due to climate risks.

Portfolio Pulse from Hayden Buckfire

May 24, 2024 | 5:30 pm

Shares of solar stocks are trading higher following the Biden administration's decision to raise tariffs on Chinese solar cells.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:03 pm

Google has signed deals to power its data centers in Japan with solar energy, as part of its commitment to sustainability and reducing carbon emissions.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:15 pm

JP Morgan analyst Mark Strouse maintains an Overweight rating on First Solar (NASDAQ:FSLR) and raises the price target from $240 to $262.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:38 pm

Insiders from First Solar, Schlumberger, Vertex Pharmaceuticals, and Lattice Semiconductor have recently sold shares. Insider sales can indicate concerns about company prospects or stock overvaluation. Notable sales include First Solar's Chief People and Comm. Officer selling 12,406 shares, Schlumberger's President New Energy selling 38,083 shares, Vertex Pharmaceuticals' CEO selling 15,202 shares, and Lattice Semiconductor's SVP, CFO selling 16,465 shares.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 12:31 pm

Solar stocks are rallying due to President Biden's announcement of increased tariffs on Chinese imports, including a significant hike on solar cells. Canadian Solar, Enphase Energy, First Solar, and SolarEdge Technologies are all trading higher. SunPower also surged after announcing it will offer Tesla's Powerwall 3.

Portfolio Pulse from Vaishali Prayag

May 22, 2024 | 7:22 pm

Shares of solar stocks are trading higher following President Biden's decision to raise tariffs on Chinese solar cells.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:12 pm

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