|Bid||65.22 x 1000|
|Ask||66.20 x 1000|
|Day's Range||65.52 - 67.49|
|52 Week Range||59.60 - 123.13|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||15.77|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SunPower slid after shares of the solar panel company were initiated at Underweight by a Wells Fargo analyst who cited unsupportive U.S. solar policies and a slowing housing market. Michael Blum from Wells Fargo wrote in a research note that the slowing housing market was “likely to affect new solar sales.” “SunPower’s business is mostly direct sales, which we view as more sensitive to the economic environment given the large upfront cost of purchasing a solar rooftop system,” Blum said.
(Bloomberg) -- First Solar Inc. has decided against building a new factory in the US, citing uncertainties regarding trade policy and tax incentives. Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptVenice Plans to Start Weeding Out Cheap TouristsStocks Finish Almost Flat in Teeter-Totter Session: Markets WrapTesla Cuts 200 Autopilot Workers as California Site ClosesRussia Slips Into Historic Default as Sanctions Muddy Next StepsThe biggest US solar manufacturer is still
First Solar (FSLR) clinches an agreement with National Grid Renewables involving the supply of 2 GW of solar modules to the latter.