First Solar (FSLR), the leading American solar technology company, sees a considerable boost as President Biden ends solar tariff exemption and U.S. initiates a trade investigation on Asian solar imports. These government actions positioned FSLR as a key beneficiary, fuelling its stock rise significantly. The company surpassed the Q1 2024 earnings and revenue forecast, reporting increased quarterly profit due to growing demand. Despite a 6% decrease earlier this year, and a larger market downturn, the stock rebounded, driven by robust financial results and lower borrowing costs. Nevertheless, the market has been experiencing fluctuations; FSLR experienced dips contrasted by periods of growth surpassing overall market performance. FSLR showcases strong growth, attracting investor attention and earning a 'Moderate Buy' rating from Wall Street analysts. The company intends to significantly expand operations with the acquisition of European Solar Tech Firm, Evolar AB, and the introduction of an extensive 3.3 GW manufacturing facility in India. The market recognized FSLR's long-term value, although the stock remains somewhat volatile.
First Solar FSLR News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Thu, 16 May 2024 19:25:20 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -1
