First Solar (FSLR) revealed a challenging Q3 2024, falling short on sales targets and earnings and revenue estimates. Despite record production, the stock lost value and analysts lowered their price targets. FSLR's strategic insight suggests a bear market, and some investors are questioning the worth of their investments. However, Wall Street maintains a bullish perspective on the stock and BMO Capital Markets confirmed their 'Outperform' rating. Moreover, Janney Montgomery Scott upgraded FSLR to 'Buy', citing a potential opportunity in the Q3 results. Still, FSLR lowered their 2025 guidance and FY24 forecast, in spite of surging Q3 profits. Earnings growth remains stable but shareholders are showing signs of unease. A few assert that the recent stock dip provides a reasonable entry point and a valuable long-term investment. Despite the challenges, FSLR is committed to scaling production to meet growing demand. This includes combating patent infringement from rivals and navigating logistical hurdles in markets like India.
First Solar FSLR News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 02 Nov 2024 10:41:15 GMT -
Rating -5
- Innovation 2
- Information 7
- Rumor 3
