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

Morgan Stanley analyst Andrew Percoco has maintained an Overweight rating on First Solar (NASDAQ:FSLR) and increased the price target from $245 to $248.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:27 am

Nasdaq and S&P 500 futures rise ahead of Apple's earnings report, indicating a positive market outlook post-Federal Reserve's rate decision. Analysts highlight potential market risks and the impact of economic data on future Fed actions. Premarket trading sees significant movements in stocks based on earnings reports, with notable companies set to report throughout the day.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 10:52 am

Goldman Sachs analyst Brian Kinstlinger maintains a Buy rating on First Solar (NASDAQ:FSLR) and raises the price target from $265 to $268.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:52 am

First Solar has reaffirmed its 2024 financial guidance, projecting earnings per share (EPS) between $13 and $14, and revenue forecasts ranging from $4.4 billion to $4.6 billion.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:03 pm

First Solar (FSLR) reported Q1 2024 earnings of $2.20 per share, surpassing the $1.97 estimate, with sales of $794M beating the $702.175M forecast. This represents a 44.81% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:03 pm

US stocks showed mixed performance ahead of the Federal Reserve meeting, with the S&P 500 and Nasdaq 100 experiencing slight declines, while the Dow Jones saw gains. Advanced Micro Devices (AMD) reported less optimistic Q2 guidance, causing its shares and those of Nvidia (NVDA) to fall. The ADP report indicated strong private job additions, but the ISM Manufacturing Index fell into contraction. Bitcoin also saw a significant drop. Various companies reacted to earnings reports, influencing their stock prices.

Portfolio Pulse from Piero Cingari

May 01, 2024 | 5:07 pm

MN8 Energy has secured a supply of 457 megawatts (MW) of American solar modules from First Solar, indicating a significant investment in renewable energy and a boost for First Solar's production and sales.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:22 pm

Wall Street is expected to open lower due to AMD's disappointing earnings, impacting the tech sector and broader market. However, the Federal Reserve's interest rate decision and Chairman Jerome Powell's press conference could influence the market's direction. Analysts see the April market pullback as a correction, setting the stage for a potential summer rally. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF decline. Economic data and bond yields have pressured stocks, with major indices ending lower in the previous session. Analysts anticipate Powell's guidance on rate outlook and expect a summer rally, considering it's an election year.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 10:44 am

Goldman Sachs forecasts a significant increase in U.S. power demand due to AI data centers, projecting a 15% CAGR from 2023-2030. This growth is expected to raise data centers' power demand to 8% of total U.S. demand by 2030. Approximately 47 GW of additional power generation capacity will be needed, with an estimated $50 billion in capital investment. Goldman Sachs has identified 16 stocks across various sectors as beneficiaries of this trend, including utilities, clean technology, and industrial tech.

Portfolio Pulse from Piero Cingari

April 29, 2024 | 4:37 pm

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

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