68.25 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||67.79 x 800|
|Ask||68.27 x 900|
|Day's Range||67.47 - 68.86|
|52 Week Range||35.33 - 81.72|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||79.50|
Canadian Solar's (CSIQ) solar module shipments in the quarter totaled 1,374 megawatts (MW), down 7.2%, from the year-ago level of 1,480 MW.
Brent neared $80 on Tuesday morning before falling back as traders booked profits, but the continued rise of oil prices appears likely as geopolitical tensions continue to rise around the globe
In this daily bar chart of FSLR, below, we can see an uptrend the past twelve months. The volume pattern does not suggest accumulation and the daily On-Balance-Volume (OBV) line has been neutral since December. In this weekly bar chart of FSLR, below, we can see that prices are above the rising 40-week moving average line.
The California Energy Commission recently passed a law requiring most California homes built after January 2020 to have solar panels. The new law is good news for solar stocks, and Height Capital Markets ...
Zacks Investment Ideas feature highlights: Lennar Homes, First Solar, Sunpower, Tesla and JinkoSolar Holdings
Solar panel makers are stepping up U.S. manufacturing, and it isn’t all because of President Donald Trump’s tariffs on imported solar panels. At least three panel companies have announced manufacturing plans in the U.S. in recent months. China’s JinkoSolar Holding Co. is opening a factory in Jacksonville, Fla. SunPower Corp. has agreed to acquire struggling panel maker SolarWorld Americas Inc. First Solar Inc. plans to open a new factory in Ohio, where it already has some panel-making operations.
First Solar received an upgrade and price target increase on a view that its business strategy provides a favorable risk/reward ratio and leads to higher earnings.
As it stands on its own, First Solar, Inc. (NASDAQ: FSLR) looks pretty, but an unsightly backdrop lessens its appeal. After assessing the value of First Solar’s market-leading Series 6 product, JPMorgan considers the stock bound between $60 and $110 and advocates strategic buying and selling as shares fluctuate through the end of 2019. “We believe FSLR’s earnings growth is rangebound by the absence of pricing power in a global commodity market, despite strong industrywide unit growth for the foreseeable future and excellent revenue and earnings visibility at FSLR itself,” Coster said in a Thursday note.
The Nasdaq Composite Index rose 1.00 percent to close at 7,339.91. Energy stocks continued to rise a day after President Trump's decision to pull out of the nuclear deal with Iran and to continue with sanctions against the major oil producing nation. "A lot of people had reduced their exposure to stocks ahead of Trump's announcement on Iran on Tuesday and when the markets did not sell off, traders went back in.
Shares of First Solar Inc. surged 3.2% in premarket trade Thursday, after J.P. Morgan turned bullish on the solar panel maker, citing valuation and "excellent" revenue and earnings visibility. Analyst Paul Coster raised his rating to overweight, after being at neutral since he downgraded the stock in March 2016, and bumped up his price target to $85 from $74. Coster said while First Solar is arguably the "highest-quality" stock in solar module space, he believes earnings growth is range bound in the absence of pricing power in a global commodity market.
California just sent the clearest signal yet that rooftop power is moving beyond a niche market and becoming the norm. On Wednesday, the Golden State became the first in the U.S. to require solar panels on almost all new homes. Most new units built after Jan. 1, 2020, will be required to include solar systems as part of the standards adopted by the California Energy Commission.
NEW YORK, NY / ACCESSWIRE / May 9, 2018 / U.S. markets posted minor changes Tuesday after President Trump announced the U.S. withdrawal from the Iran nuclear deal. The Nasdaq Composite Index rose 0.02 percent to close at 7,266.90. "The reason the market is not dramatically selling off is he didn't close the door to further negotiations, but he also made it clear it would be on [Trump's] terms," said Quincy Krosby, chief market strategist at Prudential Financial, according to MarketWatch.
A 900% revenue increase in their last quarter, over the same period one year ago, has gone completely overlooked at Solbright Group (SBRT), and gross profits have never been higher. SBRT provides energy management and solar PV services/hardware for commercial facilities and municipalities. After a 2017 acquisition, sales are significantly higher, and the company is poised to capitalize on the growing market for energy efficient retrofitting.
Solar stocks took a beating in the second half of 2015 and throughout 2016, but the sector turned around in 2017. In fact, one exchange-traded fund (ETF) tracking the sector – the Guggenheim Solar ETF ( TAN) – generated impressive returns of over 54% last year. Solar stocks soared in the past due in part to federal tax credits for home solar installation and other incentives to stimulate the industry, but the sector was surprisingly resilient in 2017 despite a presidential administration that does not prioritize renewable energy to the same extent as its predecessor.
The solar panel manufacturer's expansion plans are top of mind for investors now, but there are a few other things you ought to consider from its first-quarter report.
Many on Wall Street like to say “the trend is your friend.” But when it comes to First Solar, Inc. (NASDAQ:FSLR), other price patterns and a simple appreciation for risk versus reward dictates that today’s investors buy more smartly with a modified fence strategy on FSLR stock. It has been the best of times and the worst of times all wrapped up in one over the past couple sessions in FSLR stock. Immediately following last week’s earnings report, an easy bottom-line beat and overall upbeat call from management brought out the “champagne and caviar dreams” crowd, with shares of First Solar soaring to fresh seven-year highs.
Monday feels like the calm before the storm, as a number of big-name companies like Tesla Inc (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL) gear up to report earnings.
Yingli Green (YGE) total revenues came in at $349.4 million, which surpassed the Zacks Consensus Estimate of $315 million by 10.9%.