Changes in government incentives, subsidies, or trade policies could influence the economics of solar energy projects and affect the demand for First Solar’s products and services. I believe NextEra has the potential to keep growing in the coming years and if the demand for power rises, it is set to make the most of it. NEE is one stock that is set to benefit the most from the transition towards renewable energy.
The transition towards solar energy has only started gaining momentum and there is a lot more to come. While the stock isn’t cheap, there is a lot of upside from the current level. It also has a cash balance of $1.5 billion which can allow the company to invest towards expansion purposes. According to 27 analysts, the average rating for FSLR stock is “Buy.” The 12-month stock price forecast is $234.06, which is an increase of 33.98% from the latest price. Another challenge is the intense competition within the solar energy market. Rapid technological advancements, the emergence of new market entrants, and fluctuating pricing dynamics pose risks to First Solar’s market share and profitability.
The company issued revenue guidance of $3.4-$3.6 billion, compared to the consensus revenue estimate of $3.49 billion. 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. The future is renewable energy and whether you believe in it or not, the world is gearing up to be a cleaner and greener place.
Get this delivered to your inbox, and more info about our products and services. One share of FSLR stock can currently be purchased for approximately $176.10. 182 employees have rated First Solar Chief Executive Officer Mark Widmar on Glassdoor.com. Mark Widmar has an approval rating of 96% among the company’s employees. This puts Mark Widmar in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at First Solar to a friend.
The company’s product portfolio includes a range of high-performance PV modules, advanced PV power systems, and comprehensive PV power plant services. First Solar’s modules are known for superior energy efficiency, durability, and low environmental impact. These attributes have attracted diverse customers, including utilities, independent power producers, commercial and industrial companies, and residential customers.
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They have high upside potential since the anticipated shift towards renewable power is underway and we will see renewable energy companies raking in big numbers in the next few years. There will be steady growth in this sector and now is the time to invest in the most undervalued renewable energy stocks. 23 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for First Solar why internet is slow today in india in the last twelve months. The consensus among Wall Street equities research analysts is that investors should “moderate buy” FSLR shares. Furthermore, changes in consumer preferences and market dynamics could impact the adoption of solar energy solutions. First Solar must remain attuned to evolving customer needs and preferences to ensure its products and services remain relevant and competitive.
It has production lines in Vietnam, Malaysia, the United States, and India. With impressive product offerings and a solid cash flow, there is a lot lined up for SolarEdge. It is a pure-play solar stock that is benefiting from government policies and enjoying solid growth. With the revenue growing steadily since 2016, the company is in the perfect position to make the most of the growth of the solar sector. While First Solar operates in a promising industry, it faces several risks and challenges. One significant risk is the potential impact of regulatory changes and policy shifts.
The reported earnings gave a positive surprise of 60.06% from the estimated earnings. Moreover, the reported revenue also gave a positive surprise by 12.25% from the estimated revenue. First Solar issued an update on its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $7.00-$8.00 for the period, compared to the consensus estimate of $7.17.
How has FSLR performed historically compared to the market?
Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. Her knowledge of words and numbers helps her write clear stock analysis. The company benefits from its presence in both the utility and renewable sectors. The stock is down 18% year to date and this drop makes it a solid chance to make your move.
- Another challenge is the intense competition within the solar energy market.
- Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of FSLR’s
- Furthermore, changes in consumer preferences and market dynamics could impact the adoption of solar energy solutions.
- 75.0% of employees surveyed would recommend working at First Solar to a friend.
Countries across the globe are working tirelessly to increase the production and use of renewable energy and we will be able to see the results in the coming years. The government has given stimulus for green energy and there was a lot of excitement in the initial days. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Benzinga’s Top Ratings Upgrades, Downgrades For September 14, 2023
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company’s solar modules use cadmium telluride to convert sunlight into electricity.
Shares of First Solar surged on Monday after agreeing to provide solar modules to Israel-based renewable energy firm Energix Renewables. The revenue came in at $991.3 million and the solar segment revenue hit $947.4 million. SEDG stock is down 53% in the past six months and smart investors know that now is the time to snap up the stock.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. However, like any publicly traded company, First Solar is not immune to market volatility. Monitoring the stock’s performance and staying informed about relevant news and events is essential for investors and stakeholders. First Solar is a key player in the renewable energy industry, focusing strongly on utility-scale solar power plants. The company has successfully delivered numerous large-scale PV installations worldwide, contributing to the global adoption of solar energy.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Quarterly earnings reports are continuing to roll in for the S&P 500 — but earnings season never really ends, because about 20% of companies in the benchmark index have fiscal quarters that don’t matc… Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
A record amount of solar panels are expected to be installed in the U.S. this year, but the fate of companies in the industry has diverged. FSLR’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The MACD line at 3.98 and signal line at 3.59 are below the zero line and both lines have crossed each other multiple times but the gap is lean in a histogram showing traits of consolidation in price. Solar power still accounts for a very small percentage of the electricity generation across the world and this means there will be a significant rise in demand in the coming years. First Solar has already established itself in the industry and is one of the top players today.
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- Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
- I believe NextEra has the potential to keep growing in the coming years and if the demand for power rises, it is set to make the most of it.
- ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
The company was founded by Michael J. Ahearn in 1999 and is headquartered in Tempe, AZ. The increasing global demand for clean energy solutions presents a favorable market environment for the company. First Solar is well-positioned to capitalize on this trend by expanding its product offerings, entering new markets, and pursuing strategic partnerships and acquisitions. However, the interest seemed to be cooling down with time and we saw several renewable energy stocks move sideways recently.
One significant growth opportunity for the company is the advancement of solar energy in emerging markets. As developing countries seek to diversify their energy sources and achieve energy independence, First Solar can leverage its expertise and global presence to provide cost-effective and reliable solar solutions. First Solar’s valuation metrics reflect its strong market position and growth potential. The company’s price-to-earnings is slightly above the industry average, indicating that investors are willing to pay a premium for First Solar’s earnings compared to its peers.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. KNOXVILLE, Tenn. & TEMPE, Ariz.–(BUSINESS WIRE)– #AmericanSolar–The Tennessee Valley Authority (TVA) today announced that it has secured 279 megawatts (MWDC) of advanced thin film solar panels from… First Solar CEO Mark Widmar joins ‘Squawk on the Street’ to discuss the company’s expansion plans, weak demand in other parts of the solar industry, and more. First Solar said on Thursday it has selected Louisiana to build its fifth U.S. factory amid a surge in demand for American-made solar panels.