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

California and Germany have made significant strides towards 100% renewable energy, with California's power supply recently being over 70% renewable on average. The clean energy sector faces uncertainty with the upcoming 2024 presidential election. ETFs like iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) have seen minor upticks this week, despite losses over the past year. Stocks such as NextEra Energy Inc (NEE), First Solar Inc (FSLR), and Clearway Energy, Inc. (CWEN) are recovering but still down from last year's prices.

Portfolio Pulse from Natan Ponieman

March 29, 2024 | 12:48 pm

Stock indexes rebounded after recent declines, with notable movements in specific sectors and stocks. Reddit shares experienced a drop, while solar stocks, including Enphase Energy and First Solar, saw gains. Major ETFs like DIA, IWM, QQQ, and SPY also reflected the market's positive shift.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 7:52 pm

Solar stocks are up after a report that two solar companies are developing American-made panels, potentially making US solar projects eligible for federal subsidies.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 6:10 pm

Solar stocks surged following the announcement of a three-year, $400M deal between Suniva and Heliene to supply solar cells, enabling US solar project developers to benefit from federal subsidies for American-made equipment. SunPower, SolarEdge, Enphase Energy, First Solar, and Canadian Solar saw significant stock price increases.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 5:48 pm

First Solar (NASDAQ:FSLR) has significantly outperformed the market in the last 5 years, with an annualized return of 23.32%, leading to a market capitalization of $15.76 billion. An investment of $100 in FSLR five years ago would be worth $281.49 today.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:01 pm

Solar stocks are trading lower due to concerns that US solar factories might not be built because of cheaper imports from China. The subsidies provided are considered insufficient to counteract the cost advantage of Chinese imports.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:12 pm

First Solar (NYSE:FSLR) has seen a 6.38% increase in its short percent of float since the last report, with 4.20 million shares sold short, representing 5.17% of all shares available for trading. This increase in short interest indicates a more bearish market sentiment towards FSLR, although it doesn't necessarily predict a near-term price fall. Compared to its peers, FSLR has a higher short interest percentage of float, suggesting more bearish sentiment among investors towards it than its peers.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 6:30 pm

Solar stocks are trading lower after a Bloomberg report indicated that US solar factories might not be constructed due to cheaper imports from China, rendering subsidies insufficient.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:35 pm

Bank of America's Equity Strategy data shows a decline in the relative weighting of S&P 500 semiconductor and EDA stocks from July 2023 to January 2024, with Nvidia maintaining the broadest ownership among fund managers. Ownership expansions were noted in Broadcom, Micron Technology, Applied Materials, Intel, Nvidia, and Cadence Design Systems, while significant declines were observed in Microchip Technology, First Solar, Enphase Energy, NXP Semiconductors, AMD, Qualcomm, and KLA Corp. Intel, ON Semiconductor, and AMD saw the most significant increases in overweighting, whereas First Solar, Qorvo, Teradyne, Applied Materials, and Qualcomm experienced the largest decreases. Long-only investors and hedge funds showed distinct preferences in their overweight positions.

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 9:18 pm

Recent options trading activity for First Solar (NASDAQ:FSLR) shows a bearish sentiment among investors, with 54% of trades being bearish. Significant trading activity predicts a price range of $145.0 to $175.0 for the next three months. Notable options activity includes both bullish puts and bearish calls, indicating mixed expectations. First Solar, a leading thin-film solar module manufacturer, saw its stock price increase by 1.38% to $161.26. Analysts have mixed views, with an average target price of $229.25, but recent downgrades suggest caution.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:16 pm

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