NEW YORK, NY / ACCESSWIRE / October 31, 2024 / Pomerantz LLP is investigating claims on behalf of investors of First Solar, Inc. ("First Solar" or the "Company") (NASDAQ:FSLR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Investors interested in solar stocks should refrain from buying FSLR right now, considering its premium valuation. Yet, those who own it may continue to do so, taking into account its upbeat estimates.
First Solar, Inc.'s Q3 earnings release disappointed the market as it recorded a double miss on revenue and adjusted EPS. First Solar faces near-term supply chain challenges amid intense competition by its Chinese competitors. Its long-term backlog remains robust, underscoring the structurally bullish opportunities for the utility-scale solar energy leader.
FSLR's third-quarter earnings and revenues miss the Zacks Consensus Estimate by 6.1% and 17%, respectively.
First Solar is the only U.S.-based large scale solar panel maker and has benefited hugely from tax credits from the Inflation Reduction Act (IRA).
First Solar, Inc. (NASDAQ:FSLR ) Q3 2024 Results Conference Call October 29, 2024 4:30 PM ET Company Participants Richard Romero - Investor Relations Mark Widmar - Chief Executive Officer Alex Bradley - Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Brian Lee - Goldman Sachs Julien Dumoulin-Smith - Jefferies Kashy Harrison - Piper Sandler Andrew Percoco - Morgan Stanley Operator Good afternoon, everyone and welcome to First Solar's Third Quarter 2024 Earnings Call. This call is being webcast live on the Investors section of First Solar's website at investor.firstsolar.com.
First Solar (FSLR) came out with quarterly earnings of $2.91 per share, missing the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $2.50 per share a year ago.
U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by higher prices following additional tariffs on foreign-made panels.
NEW YORK CITY, NY / ACCESSWIRE / October 29, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of First Solar, Inc. ("First Solar" or "the Company") (NASDAQ:FSLR). Investors who purchased First Solar securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/FSLR.
First Solar stock has fared a bit better than its sector peers, rising by about 14% year-to-date. In comparison, Enphase Energy stock, another solar component player, has seen its stock decline by 38% over the same period.
First Solar's strong financial performance, driven by increased module sales and favorable U.S. policies, underscores its growth potential and competitive edge in the renewable energy sector. The company's advanced CdTe thin-film technology offers higher efficiency, lower carbon footprint, and supply chain advantages, enhancing its market position and sustainability. Strategic capacity expansions and a substantial order backlog provide revenue visibility and support long-term growth, making First Solar a stable investment compared to residential solar companies.
NEW YORK, NY / ACCESSWIRE / October 27, 2024 / Pomerantz LLP is investigating claims on behalf of investors of First Solar, Inc. ("First Solar" or the "Company") (NASDAQ:FSLR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.