FSLR Stock Price First Solar Inc Stock Quote U.S.: Nasdaq

fslr stock price

Even recognizing what has already been a spectacular rally in the stock over the past year, we see room for shares to climb even higher. The project plan will be carried out in three phases, with phase I being 14 GW of wafer and cell capacity. By Dean Seal

Shares of First Solar are trading higher Friday after the company said it https://business-oppurtunities.com/using-offline-advertising-methods/ would pay up to $80 million to acquire the perovskite technology company… Stock futures are ticking higher, suggesting major indexes could recover slightly after falling Tuesday on worries about a potential debt-ceiling default. Meanwhile, regional bank shares are jumping, on track to extend a recent stretch of high volatility.

Evidence that the global economy is sputtering into a deeper recession would undermine the earnings trajectory. Monitoring points into Q2 include the gross margin and volumes sold as a reflection of management’s strategy execution. The other dynamic at play is the climbing earnings estimates. The forecast is for FSLR’s EPS to reach $7.38 this year, reversing a loss in 2022. That figure is then expected to nearly triple to $20.16 by fiscal 2025, with margins expanding not just from the related tax credits but also the improved cost efficiency of the next generation series 7 nameplate rollout.

The pan-European Stoxx 600 index was down 0.2% at the start of the session, with most sectors and major bourses trading in negative territory. Financial services made the biggest losses, down 1.3%, followed by autos, which dropped 0.9%. Health care modestly bucked the trend with a 0.1% uptick. Traders at JPMorgan expect the market to remain in a tight trading range as lawmakers try to reach a deal on the U.S. debt ceiling. April housing starts came in line with expectations, at 1.4 million. That’s in line with the 1.4 million expected by analysts polled by Dow Jones.

Get this delivered to your inbox, and more info about our products and services. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. The headline numbers for First Solar (FSLR) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street esti…

  • The WSJ Dollar Index gained 0.4%, on pace to finish higher for the sixth session in the last eight trading days.
  • Dividend yield allows investors, particularly those interested in dividend-paying stocks,
    to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
  • On a year-on-year basis however, non-oil domestic exports fell 9.8%, more than the economists’ expectations of 9.4%.
  • Keysight guided revenue for the quarter to come in between $1.37 billion and $1.39 billion, a range that contains Wall Street’s consensus estimate of $1.38 billion.
  • The SPDR S&P Regional Bank ETF jumped 2.9%, while Western Alliance soared 10%.

Though the specific rules of how to apply the Dow Theory are beyond the scope of this column, I note that Dow theorists interpret the rules differently. As you can see, both Dow averages tend to rise and fall in fairly close lockstep with the S&P 500. The WSJ Dollar Index gained 0.4%, on pace to finish higher for the sixth session in the last eight trading days. PacWest Bancorp and Western Alliance Bancorp led gains, with both rising more than 12% premarket, while others such as Comerica and Zions Bancorporation also rose. On a year-on-year basis however, non-oil domestic exports fell 9.8%, more than the economists’ expectations of 9.4%. Singapore’s non-oil domestic exports in April grew 2.7% compared to the month before, a surprise upside compared to the 3% contraction that economists polled by Reuters were expecting.

Expect more tight trading over the next week, JPMorgan says

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Target traded more than 2% lower in the premarket after the retailer reported total revenue of $25.32 billion for the first quarter, which represented year-over-year growth of just 1%. To be sure, that revenue figure, along with the company’s earnings per share, exceeded analyst expectations.

Getaround stock soars on deal news, First Solar, Tesla, Beyond … – Morningstar

Getaround stock soars on deal news, First Solar, Tesla, Beyond ….

Posted: Fri, 12 May 2023 17:47:00 GMT [source]

Investors need to pay close attention to First Solar (FSLR) stock based on the movements in the options market lately. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

According to 24 analysts, the average rating for FSLR stock is „Buy.” The 12-month stock price forecast is $194.49, which is a decrease of -8.60% from the latest price. Text size

First Solar’s CEO said the acquisition signals an investment in “the future of solar energy.” Gerard Julien/AFP/Getty Images

First Solar stock gaine… Investing.com — Stocks were headed for another down week after weaker-than-expected consumer sentiment for May. First Solar (FSLR) announced it will acquire Evolar AB for up to $80 million. FSLR stock rocketed above a resistance level, lifting other solar stocks as well…. None of this means there is no significance to the current divergence between the Dow transports and the Dow industrials.

Per-Share Earnings, Actuals and Estimates

Meanwhile, new data offered a mixed picture about the health of the U.S. housing market. Housing starts for April rose 2.2% on a monthly basis, beating expectations of a 1.4% decline. But building permits fell 1.5%, versus an expected rise. The 50-day moving average is a short-term technical indicator of where an asset or an index is trading.

That overshadowed results from the fourth fiscal quarter. The company reported 20 cents in earnings per share excluding items, above the 17 cents expected by analysts. Revenue also beat expectations at $111 million compared with a $110.1 million forecast.

As it relates to valuation, the metric we’re focusing on is FSLR’s 1-year forward P/E currently at 17x, based on the consensus EPS estimate of $13.39 for 2024. Even with the current earnings multiple for 2023 at 31x appearing relatively pricey, we see more value looking ahead where that production capacity ramps up driving scale benefits and margins higher. The biggest implication here is that solar projects can claim the domestic content credit bonus even if the modules assembled in the U.S. are made with Chinese materials. First Solar, Inc. is a solar technology company, which engages in the provision of solar modules.

  • This line, with a quarterly capacity of approximately 750,000 microinverters, will enable a global capacity of nearly six million microinverters per quarter, with plans to of expansion.
  • The Barchart Technical Opinion rating is a 88% Buy with a Weakening short term outlook on maintaining the current direction.
  • A better-ranked stock from the same industry is JinkoSolar JKS, which sports a Zacks Rank #1 (Strong Buy).
  • The ongoing multi-year growth story could be enough to ultimately drive shares to a new all-time high.
  • This follows what was a softer-than-expected last reported Q1 earnings, where even as sales climbed by 49% year-over-year, EPS of $0.40 missed expectations.
  • Solar energy output rose 22% in 2021, but that’s only expected to accelerate over th…

For example, a price above its moving average is generally considered an upward trend or a buy. First Solar’s (FSLR) Q1 results are likely to reflect a positive impact of solid bookings and the strong sales volume of modules. However, higher costs may have partially dampened the bottom line. Alternative energy stocks are getting attention as the worldwide push toward renewable energy gains momentum. Amid concerns over the environment, innovative businesses, driving innovation are facilita…

Getaround stock soars on deal news, First Solar, Tesla, Beyond Meat and other stocks on the move

Management explained some of the quarterly volatility in the timing of orders while projecting optimism for the rest of the year. The U.S. Treasury Department finalized key details that had been missing from the original provisions of the IRA. Specifically, the solar industry had been waiting on clarity for what qualifies as „domestic content” in terms of the composition of manufactured products made in the U.S.A eligible for the full tax credit. Our update today notes that the just-released guidance to qualify for full tax credits on renewable projects and solar developments have reinforced the bullish case for the stock, removing one layer of uncertainty.

fslr stock price

According to the Solar Energy Industries Association (SEIA), the impact of the IRA on the U.S. solar market is significant. Over the next ten years, the IRA is expected to drive an additional 222 GW of solar installations than if the legislation had not gone through. By 2032, the U.S. is forecast to have 5x more installed solar capacity than at the end of 2022. The fusion of Evolar’s know-how with First Solar’s expertise and existing manufacturing capacity will assist in developing an efficient next-generation PV technology and high-efficiency tandem devices. Solar energy stocks are facing multiple headwinds right now. First Solar (FSLR) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.99 per share.

NewsFirst Solar Inc.FSLR

A huge drop for a huge, steady producer followed some pretty alarming news in Pioneer’s quarterly report. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. His Hulbert Ratings service tracks investment newsletters that pay a flat fee to be audited.

„The comes a moment in time when you hit the wall,” McCarthy said. „You can’t continue down this trajectory if you want to continue to be the strongest nation in the world.” Tuesday’s „meeting between President Biden and House Speaker McCarthy went as well as could have reasonably been hoped for,” wrote Citi chief U.S. economist Andrew Hollenhorst, in a note. By this measure, First Solar gains as its customer base across utilities, distributors, and developers move forward with new projects given the higher degree of sourcing flexibility. Simply put, FSLR stands to capture a larger slice of the solar industry pie where the growth outlook for the next decade has just received a new boost. First Solar, which already enjoys a leading position in the manufacturing of thin film photovoltaics, aims to strengthen its manufacturing capability in the PV technology via the Evolar acquisition.

The correct conclusion is that neither Dow average, by itself, is a good leading indicator of the overall market. For the full fiscal year, the company said to expect between $500 million and $506 million in revenue, a range that contains the Wall Street estimate of $501.8 million. The company expects adjusted EBITDA for the year to come in between $216 million and $222 million, while analysts anticipate $215.7 million. Western Alliance shares have been on a recent upswing, up 17% over the past week – and posting a gain of 15% since this week has begun. The stock is still down nearly 47% for the year, however. On the downside, the macro backdrop is one question mark.

Dow Jones Drifts Lower, But Buyers Lift Chevron, Cisco Systems … – Investor’s Business Daily

Dow Jones Drifts Lower, But Buyers Lift Chevron, Cisco Systems ….

Posted: Fri, 12 May 2023 16:01:00 GMT [source]

First Solar (FSLR) acquires Europe based, Evolar AB, to enhance its research capabilities in manufacturing thin film photovoltaics. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Compare
FSLR’s historical performance
against its industry peers and the overall market.

The Yahoo Finance Live team discusses the rise in First Solar shares after the announcement of its acquisition of Evolar…. FSLR recently acquired the European solar tech firm, Evolar AB, to further augment its research & development abilities in thin film photovolt… Someone with a lot of money to spend has taken a bearish stance on First Solar FSLR.

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.