First Solar is a leading thin film photovoltaic solar module manufacturer with strong growth and improving margins, making it a compelling investment. The company boasts a responsible balance sheet with little debt, strong cash position, and a current ratio of 2.17, providing market flexibility. Despite competition and reliance on U.S. incentives, First Solar's technological advancements and international growth potential are promising.
First Solar stock rallied by nearly 15% during Wednesday's trading, pushing its year-to-date gains to around 40%, in contrast to sector peer Enphase Energy , which remains down about 15% year-to-date. The surge comes on the heels of the recent presidential debate between former President Donald Trump and Vice President Kamala Harris, where Harris appeared to have the upper hand.
First Solar (FSLR) shares soared on Wednesday, leading a broader rally for clean energy stocks, amid investor optimism about the sector in the wake of the previous night's presidential debate between Kamala Harris and Donald Trump.
First Solar (FSLR) stock price went parabolic on Wednesday as investors cheered Kamala Harris' performance on the debate stage. The stock soared by over 15%, its best single-day jump since May when it published encouraging financial results.
First Solar (FSLR) led gains on the S&P 500 Wednesday as solar stocks got a boost on the heels of Tuesday's presidential debate between former President Donald Trump and Vice President Kamala Harris.
Major U.S. equities indexes recovered from early losses to close Wednesday's session higher.
As President, Vice President Kamala Harris says she intends to power America with a variety of energy sources. Her strong performance during Tuesday evening's debate raises her odds of being elected and being able to implement such policy.
First Solar's strategic shift to the solar modules market has driven significant revenue growth, supported by favorable government policies and increasing tariffs on foreign competitors. The company's revenue growth outlook for FY2024 has improved, with analysts projecting a 35.6% increase, surpassing previous forecasts due to higher ASP growth and capacity expansion. First Solar benefits from stricter US tariffs on Chinese imports, enhancing its competitive position and pricing power in the domestic market.
First Solar (FSLR) closed the most recent trading day at $215.40, moving +1.25% from the previous trading session.
First Solar (FSLR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
First Solar stock has had a solid year, rising by about 30% year-to-date. In comparison, Enphase Energy stock, another solar component player, has seen its stock decline by 8% over the same period.
First Solar (FSLR) reported earnings 30 days ago. What's next for the stock?