In the latest trading session, First Solar (FSLR) closed at $225.23, marking a -0.83% move from the previous day.
First Solar's NASDAQ: FSLR stock price is in the depths of a correction that will soon end. The correction is due primarily to political fears that have little to do with underlying demand and the long-term outlook for profits.
First Solar's growth potential is clear, but the stock remains vulnerable to political developments, especially the upcoming presidential election.
First Solar Inc (NASDAQ: FSLR) has lost about 25% over the past few weeks but a Deutsche Bank analyst is convinced that the story moving forward will be a different one. Shares of the solar panels manufacturer do not currently pay a dividend either.
First Solar stock has performed well this year, rising by over 50% since early 2024, as it benefits from regulatory tailwinds, easing supply chain issues and strong demand for renewable energy. The company's recent performance has also been better than expected.
In the closing of the recent trading day, First Solar (FSLR) stood at $256.74, denoting a -1.74% change from the preceding trading day.
The latest trading day saw First Solar (FSLR) settling at $261.29, representing a +0.93% change from its previous close.
Wall Street experts have reputations to protect. Therefore, whenever analyst downgrades materialize, it could send impacted investors into a foul mood.
Solar technology company First Solar, Inc. (FSLR) is poised to benefit from utility-scale solar growth and favorable macroeconomic conditions.
The renewable energy sector is experiencing unprecedented growth, a trend reflected in the record-breaking 2023 installation of 305 gigawatts (GW) of new solar capacity worldwide. This surge signifies a global shift towards cleaner energy sources, with solar and wind power playing a central role in decarbonizing the global energy sector.
First Solar (FSLR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The demand for solar energy is jumping in the U.S. as more electricity consumption increases, CNBC reported, leading to a lucrative opportunity in solar stocks to buy now. What's more, multiple industry sources say that the sector is reaching a positive turning point because Big Tech companies, in order to comply with their low-carbon pledges and power their data centers, will have to invest a great deal of money in solar.