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Soft economic data pushes Wall Street higherSoft jobs report lifts U.S. markets, TSX flatThis summary was created by AI, based on 10 opinions in the last 12 months.
Experts overall agree that First Solar Inc. is a rare solar panel company that is making money and has a strong business on the commercial side of the industry. The company has been benefitting from tax credit incentives, with rapidly growing cash reserves and a strong order backlog. Despite some minor setbacks, the company is forecasted to have a steady revenue with high growth potential in the future. Shares have pulled back, presenting an attractive investment opportunity.
He recently bought it. Are a domestic producer of solar panel in the U.S. so tariffs protect it and subsidies help it. They have a two-year backlog of orders.
(Analysts’ price target is $265.98)Up 54% in May, the S&P's top performer. His favourite solar play because it's profitable and the largest US manufacturer with lots of exposure in industrial-scale projects. They reported a monster earnings beat, but were greatly help by Biden announcing tariffs of China's solar cells. This stock has more room to run.
It reports Tuesday. Is a rare solar panel company that's making money. Their business lies in the commercial, not residential side of the industry (which relies more on interest rates). A trade.
One of the few solar stocks that makes money. Have suffered from higher costs in raw materials and shipping, so reported a loss last year. This year, they are guiding for a high $7-8 EPS and $13 EPS in 2024. Trades at a cheap 12x 2024 PE. They sell to commercial customers much more than homeowners, so is less exposed to higher rates. Demand for products is high with orders through 2026. They make a superior product, using 98% fewer semi materials than their peers, therefore cheaper to produce. Shares have pulled back, so attractive.
Likes it because it's one of the few solar panel companies that is actually profitable. Shares are up 30% YTD, despite weakness in the group. It's best in breed.
First Solar Inc. is a American stock, trading under the symbol FSLR-Q on the NASDAQ (FSLR). It is usually referred to as NASDAQ:FSLR or FSLR-Q
In the last year, 7 stock analysts published opinions about FSLR-Q. 7 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Solar Inc..
First Solar Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for First Solar Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
7 stock analysts on Stockchase covered First Solar Inc. In the last year. It is a trending stock that is worth watching.
On 2024-07-26, First Solar Inc. (FSLR-Q) stock closed at a price of $226.67.
With demand for solar generation continuing to grow we reiterate FLSR as a TOP PICK. It is uniquely aided by US government protectionist policies against competition from China. It trades at 24x earnings and 3.5x book while supporting a 16% ROE. We also like that cash reserves are growing well and that analysts project a growth in EPS over 50% for the year. We continue to recommend a stop at $210, looking to achieve $290 -- upside potential of 24%. Yield 0%
(Analysts’ price target is $290.16)