Benjamin F. Edwards & Company Inc. purchased 86 shares of
First Solar, Inc. (NASDAQ:FSLR). Financial experts suggest adding
First Solar to your watch list given the company's potential. Despite its earnings seeming weak, the solar power leader impresses investors with its recent acquisitions including
Evolar AB, a European Solar Tech Firm. The prospect of cheaper borrowing costs has also surged its stock. While its YTD performance is down by 6%, First Solar's stock leaps as its Q1 2024 earnings beat estimates with sales escalating YoY, earning it a 'Moderate Buy' recommendation from analysts. Its shares ascended but remained behind market. The company outstandingly crushed its solar energy rivals and even with a 30% plunge in May 2023, it foresees a promising Q4. However, it suffered a larger drop than the wider market. Its impressive Q4 report influenced its 12.2% rise post earnings and exceeded market returns. With upcoming Q1 earnings, its full-year outlook appears stable while the stock performs well in dips. Its guidance promises a better year ahead, and it remains a viable solar investment despite silicon headwinds. It is becoming a trending stock with attributes conducive for long-term value and growth. First Solar stays attractive with an upgrade to its technical rating and expects a surge of 39.52%. Maintaining a rising price performance, it boasts growth in returns on capital with Morgan Stanley upgrading its rating to buy. Its positive full-year guidance led to an increase in stock value. An executive selling $407k in company stock and CEO stating that tariff exemptions threaten solar manufacturing efforts raised some eyebrows. Still, its solid Q4 results charm investors, while Fiserv purchasing up to $700m in IRA tax credits was accomplished. With noteworthy Q4 and full year 2023 financial results and 2024 guidance, analysts updated their estimates and its position remains attractive even after some downturns.
First Solar FSLR News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sun, 12 May 2024 10:33:11 GMT -
Rating 6
- Innovation 7
- Information 7
- Rumor -3
