First Solar, Inc.(NASDAQ:FSLR): First Solar, Inc. (FSLR): PT Raised News | StockNews.com
Any remaining shorts, if they have any sense at all, will be running for the doors this week before earnings. Watch for a run-up leading to Thursday's release. Hold fast and do not sell the run-up OR the news - she's just getting started. GLTA
Why Solar-Manufacturer Earnings Will Crush Expectations -- The Motley Fool
Earnings season is nearly here, and solar manufacturers could blow expectations out of the water.
Prediction: The biggest surprise from the August earnings will be how robust and profitable the sales on SERIES 4 have been...this is due to RISING China module prices that nobody is currently talking about. When you add in the further cost and durability advantages of Series 6, it's hard not to imagine this stock continuing to soar....GLTA
Gave up on FSLR...stopped averaging down @ $54 so hoping to break even.
Good Day Sunshine: First Solar Gets Quant Upgrade, Has Bullish Charts
Having more than one approach agree on a stock provides added confidence.
$60 is coming...
Harry Boxer has posted his Charts of the Day video on FSLR at TheTechTrader site noting: First Solar, Inc. (FSLR) is looking very good, jumping another 1.65, or .75%, to 45.67, on 4.85 million shares traded. It’s five waves up and looks like it may be getting to the tail end of this move. I don’t know if it will reach all the way up to 49 1/2, but that’s my next target.
This stock has been flying non stop since April. Congrats !
Not sure the axiom upgrade is such unalloyed good news. The claim is that series 6 is being delayed to sell more series 4. Selling is good of course, but don't we want to complete the series 6 upgrade. Anyone knowledgeable please comment.
AXIOMS GORDON JOHNSON, NOTED SOLAR BEAR, UPGRADES FIRST SOLAR TO BUYFont size: A | A | A 9:50 AM ET 7/19/17 | CFRA (BZ Newswire) -- After last week's Intersolar Conference, Axiom's Gordon Johnson expects First Solar, Inc.'s (NASDAQ: FSLR) Q2 earnings to "dazzle." "We are hearing that First Solar is delaying the ramp up of its Series 6 technology, and instead focusing on ramping back up its Series 4 technology. Given that we believe First Solar is selling modules at $.50 to $.60, and we are hearing rumblings that they are sold out through third quarter of 2018, we believe the company is going to show potentially significant upside to consensus estimates, which have not changed dramatically," Johnson said on Benzinga's PreMarket Prep. In Axiom's note, Johnson highlighted how the delays in Series 6 technology helps First Solar accommodate Section 201-based demand. Ultimately, these factors helped lead to a $51 price target. Sell-Side Could Become Much More Optimistic "Even though this is temporary," Johnson wrote, "as we have seen in solar over the past 10 years, even with temporary earnings upside, people and investors put multiples on those earnings. And given the underperformance of the solar sector vs. the broader market overall, we think you could have a pretty continued violent move higher in the stocks." Currently, 14 sell-side analysts have placed hold ratings on First Solar. "We see sell-side sentiment as skewed too negatively (a number of upgrades could be on tap)," Johnson wrote. Section 201 Timing Should Help Drive The Bullish Market "With the International Trade Commission ("ITC") expected to make a determination of whether damage was done by 8/24/17, & a recommendation to the President by 10/23/17, investors could be left guessing on the final Section 201 outcome until November '17, or as late as January '18." According to Johnson, since the market is in a bullish state, this could drive estimates on solar stocks even higher, particularly for First Solar, until a final decision is made. Deutsche Bank Analyst Vishal Shah Reflects A Similar Sentiment "If you recall, we have been highlighting some of the recent developments around section 201 trade case as well as stronger S6 execution as the key drivers for near term positive share price performance," Shah wrote. Looking at Q2, he expects upside to current estimates and for First Solar's momentum to continue in the near term as he set a $47 price target. Additionally, Shah highlighted 10 reasons for his bullish remarks: Upside to S4 margins Recovering system margins The S6 ramp is on track A 2020 EPS of $3 Higher ROIC on S6 capacity compared to S4 Credible cost targets Low risks around S6 expansion Increase in S6 bookings over the next few quarters Solid cash flow and balance sheet The balance sheet project assets should create an additionalbuffer Shares of First Solar were trading up 5.6 percent at $46.53 in Wednesday's session. To read the latest and exclusive financial news, check out the Benzinga Pro news wire. Copyright Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved.Write to firstname.lastname@example.org with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.com). Acquire Media
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the U.S. Core of engineers announced yesterday that all 2000 boat docks on tablerock lake will be required to install solar in lieu of shore power in just a few years. all power poles on shore feeding boat docks shall be removed. wow.
Hi all. I'm up 20% on this, but a bit scared to hold it though earnings,What are you guys doing? Holding though that first week in August?
Pretty sweet this week , will see test $50 before August earning report. This is over my expectation $48.
First Solar, Inc. (FSLR) Upgraded by Zacks Investment Research to “Strong-Buy July 19th, 2017 // First Solar, Inc. logoZacks Investment Research upgraded shares of First Solar, Inc. (NASDAQ:FSLR) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning. The brokerage currently has $49.00 price target on the solar cell manufacturer’s stock. According to Zacks, “First Solar continues to focus on retaining its competitive edge and aims to further consolidate its position in the market. Its constant product innovation efforts will continue to attract customers and expand its revenue stream. Again, the booming solar market in the U.S. will propel its top-line growth. Moreover, the company outperformed the Zacks categorized Solar industry in the last one year. However, President Trump’s recent walk out from the landmark Paris deal, apart from boosting coal production has kept the entire solar industry under immense pressure.”
Travis is correct for once, FSLR and SPRW will crush earnings, but the market will still drop because analysts will focus on the negative.
big jump with no news. What is happening, up $1.00+ in pre-market with small volume.