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 (NASDAQ:FSLR) has significantly outperformed the market with an average annual return of 24.17% over the past 5 years, turning a $100 investment into $293.52 today. The company's market capitalization stands at $16.46 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 3:01 pm

In the first two months of 2024, Nvidia Corp. led S&P 500 stocks with a 60% gain, but other stocks also saw significant returns. The S&P 500 Equal Weight ETF (RSP) and SPDR S&P 500 ETF Trust (SPY) posted gains of 3% and 7%, respectively. Top performers included Constellation Energy, Meta Platforms, and Advanced Micro Devices, among others. Wall Street analysts see upside potential in stocks like Uber Technologies and Catalent. The VanEck Social Sentiment ETF (BUZZ) highlights stocks favored by social media, including Coinbase and MicroStrategy.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 9:58 pm

Stocks fell ahead of the Fed's inflation data release, with UnitedHealth dropping over 4% due to a DOJ antitrust investigation. Bitcoin surged over 7%, nearing its all-time high. The real estate sector outperformed, while major indices and ETFs like SPY, DIA, and QQQ saw declines. Earnings reports drove significant stock movements, with Axon and eBay rising, and Boston Beer falling sharply. Chinese ADRs, including Baidu and Alibaba, also declined following disappointing results.

Portfolio Pulse from Piero Cingari

February 28, 2024 | 7:08 pm

First Solar Inc (NASDAQ:FSLR) shares rose after reporting higher-than-expected Q4 earnings, with analysts providing positive outlooks despite subdued bookings. Analysts highlighted strong pricing, a robust backlog, and favorable guidance for 2024. Price targets were adjusted, reflecting confidence in the company's performance amidst a challenging solar market.

Portfolio Pulse from Priya Nigam

February 28, 2024 | 4:43 pm

Susquehanna analyst Biju Perincheril maintains a Positive rating on First Solar (NASDAQ:FSLR) but lowers the price target from $261 to $258.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:50 pm

RBC Capital analyst Chris Dendrinos reiterated an Outperform rating on First Solar (NASDAQ:FSLR) and maintained a $195 price target.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:11 pm

First Solar, Inc. (NASDAQ:FSLR) shares surged over 6% in premarket trading following the release of their Q4 results, which showcased earnings of $3.25 per share, beating analyst estimates. Despite a miss on quarterly sales expectations, the company reported significant year-over-year growth in net income and gross profits. First Solar also provided optimistic guidance for 2024, with expected earnings per share and net sales that align closely with analyst estimates. Additionally, Oppenheimer analyst Colin Rusch upgraded the price target for FSLR from $268 to $269.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 1:44 pm

First Solar's stock is trading higher following the release of mixed Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:26 pm

Oppenheimer analyst Colin Rusch maintains an Outperform rating on First Solar (NASDAQ:FSLR) and raises the price target from $268 to $269.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:40 pm

Nasdaq and S&P 500 futures declined as traders await GDP data and Fed speeches, with Bitcoin nearing $60K. Mixed earnings and weak retail earnings could impact market mood, though small-cap gains suggest a robust economy. Futures for SPDR S&P 500 ETF Trust and Invesco QQQ ETF fell in premarket trading. Companies like Coupang, Agilent Technologies, and Beyond Meat saw premarket movements due to earnings announcements.

Portfolio Pulse from Shanthi Rexaline

February 28, 2024 | 11:09 am

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