51.91 -0.50 (-0.95%)
After hours: 5:47PM EDT
|Bid||51.60 x 1100|
|Ask||53.30 x 1000|
|Day's Range||51.87 - 54.76|
|52 Week Range||36.51 - 81.72|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||38.54|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||64.31|
Canadian Solar (CSIQ) reported earnings of $1.81 per share in the fourth quarter of 2018 compared with $1.01 in the year-ago quarter.
The Invesco Solar ETF (TAN), the largest exchange traded fund dedicated to solar equities, is higher by nearly 30% year-to-date, making it one of 2019's best-performing non-leveraged ETFs. TAN could deliver more upside if analysts' expectations on some of the fund's marquee holdings are proven accurate. TAN, which is nearly 12 years old, follows the MAC Global Solar Energy Index.
Canadian Solar's (CSIQ) consistent focus on reducing its cost of production is commendable. This should get duly reflected in its Q4 results.
This weekend's Barron's cover story discusses what investors should know about the decline of globalization. Other featured articles examine prospects for an embattled aerospace giant and domestic steel ...
Albemarle Ups Its Quarterly Dividend for the 25th Straight YearAlbemarle’s first-quarter dividend On February 26, 2019, Albemarle (ALB) announced the key dates for its 2019 first-quarter dividend. To be eligible for the declared dividend, investors
First Solar’s Indicators, Valuation, Price Targets, and More(Continued from Prior Part)Analyst price targets First Solar (FSLR) stock offers a healthy potential upside of ~18% going forward, compared to its current market price of $54.71. Wall
First Solar’s Indicators, Valuation, Price Targets, and More(Continued from Prior Part)Moving averages First Solar (FSLR) stock is currently trading at $54.71. The strength in the stock is underlined by its fair premium to both its key support
First Solar’s Indicators, Valuation, Price Targets, and More(Continued from Prior Part)Valuation Let’s look at the current valuations for the top solar stocks in this part of our series. First Solar (FSLR) stock is currently trading at a forward
First Solar’s Indicators, Valuation, Price Targets, and MoreSunny side up2019 could be a lot better and a step in a different direction for the solar energy sector as a whole. Solar stocks have already performed well so far. Last year was
SunPower Corporation (SPWR) recently broke the 400-watt, residential solar panel barrier for homeowners in Europe and Australia with its new Maxeon 3 panel.
HENDERSON, NV / ACCESSWIRE / March 7, 2019 / Below are several alternative energy stocks leading the market. One trend to watch in the space is microgrid technology. From California to the Pacific Islands, ...
Sunrun (RUN) achieves 9% annual cost reductions in the last three years, which is expected to positively impact bottom-line results in the to-be-reported quarter.
JinkoSolar (NYSE:JKS) has had a remarkable past 12 months. JKS stock collapsed from $20 down to as low as $7 during the fall. It was weighed down by a variety of concerns including tariffs and changes in its domestic Chinese market that crushed demand.Source: Shutterstock Despite these difficulties, Jinko stock rocketed back up. Shares have nearly tripled recently. The situation with tariffs hasn't turned out to be as bad as feared. Meanwhile, Jinko produced the substantial majority of its sales outside of China last quarter. This shows that it is much less vulnerable to changes there locally, contrary to investors' prior expectations. That said, this run in JKS stock is a gift, and owners should strongly consider taking profits. Solar Manufacturers: Too Much CompetitionAccording to the Power Intelligence Center JinkoSolar remained the world's leading panel manufacturer for another year. In 2018, despite challenging market conditions, Jinko stayed well clear of JA Solar (NASDAQ:JASO) and Trina Solar for the top spot. Jinko held 13% market share, while JA Solar pulled in almost 10% and Trina got 9%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs you can tell from those numbers, the industry remains highly fragmented. Eleven different companies hold at least 3% of the market, with influential First Solar (NASDAQ:FSLR) way down at No. 11 with 3% market share. That should give you a sense of how competitive the solar industry is. Unfortunately, that leads to a great deal of redundant overhead and research among these various firms.In the long run, for solar to be a more reliable investment sector, these companies need to consolidate. There simply isn't enough revenue for all these operations to produce consistent profits as things stand now. That's particularly true as solar panel prices continue to plummet. Even despite generally rising demand and an increasing backlog of future orders, the overall industry is seeing plunging revenues. * 10 Blue-Chip Stocks to Lead the Market Power Intelligence Center estimates that the solar market will shrink from $32 billion in 2018 to just $20 billion overall in 2022, representing a more than 10% regression in its annual growth rate. That will make already dicey financial situations across the industry look even worse. This is a classic race to the bottom. JinkoSolar: A Difficult DecadeJinkoSolar, despite being the industry leader in total shipments, doesn't have a robust balance sheet. The company has around $1 billion in net debt. This is problematic as Jinko doesn't produce much cash flow to cover its expenses.In fact, free cash flow has run negative for five straight years. At some point, the company needs to be able to turn revenues into cash available to pay down debt. So far, it has been a challenge. And with panel prices continuing their aggressive declines, it seems like JinkoSolar is stuck running on a treadmill.And that has produced very poor long-term results for JKS stock. In 2011, the stock traded in the $20-$30 range. It hit rock bottom the next year, losing as much as 90% of its value while reaching the $2 level. Shares bounced back in 2013 after the company's financial situation improved. Still, it wasn't a new era of sustained prosperity. Shares never topped their old highs, and then collapsed back to $7 last year.As long as the company's balance sheet is weak and it doesn't generate much cash from operations, shares will be trapped in a boom bust cycle. This is not a favorable place for long-term investors, though there are certainly plenty of trading opportunities due to the high level of volatility in JKS stock. Sunnier Days Ahead?Arguably the best hope for JKS stock, and others in the industry, is a huge upswing in demand. Incremental new orders simply won't get the job done, solar needs an exponential growth curve to overcome its plummeting cost of production. What could bring about rapidly faster adoption? Changes in the political climate seem like the best source of hope.Donald Trump's election sent a wave of fear through the industry with all his rhetoric about climate change and support of other energy sources such as coal. Interestingly enough, his presidency hasn't actually been that terrible for solar directly. The policy on tariffs, however, has been a huge stumbling block, though things are looking better on that front lately.Regardless, 2020 offers the potential for a big swing in the political climate. The field of Democratic candidates, in particular, look much more aggressive on energy than we've seen in the past. This could set the stage for a huge energy investment -- a 2020s Manhattan Project for green producers. The Green New Deal proposal seems somewhat unrealistic and unlikely to gain traction in its current form. But the mere fact that senators are seriously considering an initiative that would likely have costs running in the tens of trillions of dollars shows that the political climate is shifting. For a company like JinkoSolar with a modest market cap of just $3.2 billion even after its recent run, a huge government investment would have the potential to cause JKS stock to post stratospheric gains. Bottom Line on JKS StockI'm still skeptical on solar stocks, however, even if the political climate improves. There are way too many firms fighting over a shrinking revenue pie. So far, contrary to what you might expect, there hasn't been a great deal of M&A within solar that would clear these roadblocks. For a cyclical industry like this, you simply need a better balance sheet to weather market swings. * 7 Cheap Stocks That Make the Grade And political changes may not be a panacea for JinkoSolar either. For example, Bill Gates, who now specializes in energy investing, suggests that solar simply isn't a huge long-term solution. Speaking at a Stanford energy event, Gates said that nuclear and fusion are the only practical answers for green energy production. Asked about wind and solar advances, Gates said that it is "so disappointing" that observers see those as large scale fixes for the utility industry. You need some "monster miracle" in battery technology for grid storage for intermittent sources, Gates said, that would be orders of magnitude ahead of what we have today that can power small-scale uses such as EVs. As we go from lofty rhetoric about climate change down to what can actually be achieved economically, solar may see its role diminish.With JKS stock up big, this is the time to take profits. With a boom and bust stock, you're usually making a good move to sell after shares have tripled in a short period of time. The political environment may get better for Jinko in the future. But investing based on politics can be risky, and there's no guarantee solar will be the solution, even if a Green New Deal gains further momentum.At the time of this writing, Ian Bezek did not hold a position in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks Top Investors Are Buying Now * 7 Cheap Stocks That Make the Grade * 5 Clinical-Stage Biotech Stocks to Buy Compare Brokers The post Don't Blink. The Gains in JinkoSolar Stock Could Disappear In an Instant. appeared first on InvestorPlace.
First Solar (FSLR) reports lower-than-expected sales in fourth-quarter 2018. The company lowered its 2019 projections for operating expenses.
First Solar’s Results: Q4 Profit Fell but 2019 Guidance Is IntactMissed earnings and revenue estimatesSolar energy solutions provider First Solar (FSLR) released its fourth-quarter and full-year 2018 earnings on February 21. It reported earnings
U.S. stock futures point to a higher Wall Street open, which could lead the Dow to its first nine-week winning streak since 1995.
First Solar (FSLR) delivered earnings and revenue surprises of -23.44% and -13.97%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?