The solar-panel maker's strong earnings could be a sign that the market's concerns about the solar industry aren't that bad after all.
First Solar, Inc. (NASDAQ:FSLR ) Q2 2024 Earnings Conference Call July 30, 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 Jon Windham - UBS Andrew Percoco - Morgan Stanley Mark Strouse - JPMorgan Brian Lee - Goldman Sachs Vikram Bagri - Citi Operator Good afternoon, everyone and welcome to First Solar's Second 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 $3.25 per share, beating the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $1.85 per share a year ago.
First Solar said on Tuesday its second-quarter profit more than doubled, as the U.S. solar panel maker benefited from stable demand for its products.
First Solar maintained its sales guidance for the year of $4.4 billion to $4.6 billion.
First Solar stock hit a high of 306.77 on June 12 but has retreated since then.
As climate change emerges as a top global issue, interest in investing in the best green energy stocks continues to rise. With many investors on the sidelines in 2024, now is a great time to consider the companies with significant upside potential.
First Solar Inc (NASDAQ: FSLR), a leading player in the solar energy sector, is navigating a complex landscape shaped by both political dynamics and legislative actions.
First Solar's (FSLR) impressive earnings surprise history, low leverage and high module shipment expectations make it worth keeping in your portfolio ahead of its Q2 results.
First Solar stock has had a solid year, rising by about 28% year-to-date. In comparison, Enphase Energy stock, another solar component player, has seen its stock decline by 21% over the same period.
First Solar (FSLR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Overall, renewable energy is considered to be one of the most promising industries for long-term investment; however, not every one of these renewable energy stocks is poised to bring a profit. The renewable energy sector is highly dependent on government policy and subsidies, which are not always reliable due to the political environment.