|Bid||59.50 x 1100|
|Ask||69.00 x 900|
|Day's Range||65.91 - 67.90|
|52 Week Range||36.51 - 69.24|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||296.77|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||77.09|
First Solar, Inc. (FSLR) today announced that it is transitioning away from its internal Engineering, Procurement and Construction (EPC) execution model in the United States, and moving towards leveraging the capabilities of trusted EPC partners. The transition to leveraging third-party EPC services will occur through the rest of 2019 and will not impact any projects under construction and slated for delivery this year. This evolution will allow the Company to solidify its competitiveness and position as America’s leading solar module manufacturer.
If you bought First Solar (NASDAQ:FSLR) stock as a way to play the future of solar energy, you're probably frustrated. Over the last five years First Solar stock is down almost 8%. Sales have been declining and losses are piling up. Operating cash flow has usually been negative. Cash on hand is declining.Source: Shutterstock Reading First Solar's numbers, you might think solar energy is a myth. It's not.The amount of solar energy in America's energy grid rose 30% in 2018. It's on pace for another gain this year, despite the rolling back of financial incentives.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are now over 2 million solar installations in the U.S., and that's expected to double over the next five years. First Solar's Problem is DeflationThe problem is deflation. The problem is China. First Solar's share of the global market is down to 3%. The big players are all Chinese companies, like JinkoSolar (NYSE:JKS), privately held JA Solar and Trina Solar, along with Canadian Solar (NASDAQ:CSIQ).Solar is like open-source software because the biggest benefits go to the users, not the developers. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Solar panel prices keep declining, and solar panels keep getting more efficient. Canadian Solar now has a panel that claims conversion efficiency of nearly 23%. A startup, Solaria, is at 20%. First Solar is also at 22%. Solar efficiency could increase even faster, but the poor financial results for existing players mean research funding is drying up.Solar must also compete with wind in the renewable energy market, even though they're complementary, since wind supplies peak at night and solar during the day. Still, wind has been taking the prizes. Wind now represents 6.5% of the U.S. electrical grid. It is below the levelized cost of energy from natural gas.Then there's efficiency, which only shows up in consumption statistics. Electricity demand remains stubbornly stable, even with electric cars appearing on many roads, and even with increased demand for air conditioning. There's a Growing Thumb on CostsWhile renewables still represent less than 10% of the U.S. energy grid, their economic models aren't based on burning anything. Once a solar panel or wind turbine is in production, it keeps producing. Besides its initial costs, a solar panel or wind turbine just implies maintenance costs. By contrast, oil and natural gas aren't really energy. They're commodities that we burn to create energy.Recent attacks on Saudi oil installations made little difference to the market. The U.S. has 700 million barrels of oil, a nearly two-year supply, in storage. Saudi Arabia has another 190 million barrels. It's mostly there for oil-storage trade -- the practice of purchasing oil at a lower price and holding it in storage until prices increase.The world, in short, is awash in energy, from all sources. All players are struggling to stay afloat against the continuing threat of deflation. The Bottom Line on First Solar StockPresident Donald Trump's administration has done all it can to boost the oil patch and discourage renewables.Yet every time a solar panel goes on a roof, demand is taken out of the market, permanently. This doesn't mean solar panel makers are a good investment, as First Solar proves. The market is going to government-supported panel makers in China.First Solar manufactures its panels in Malaysia, Vietnam and even Ohio. The company is wisely focused on the utility business. Here, big facilities keep costs low. Low costs from scaling mean there's more business than in the residential market, where each installation requires its own permits.That doesn't mean I'm buying First Solar stock. I'm just glad someone is.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post First Solar Stock Drops as Solar Power Grows appeared first on InvestorPlace.
Solar stocks rallied Tuesday amid instability over Mid-East oil, with two of them among our top charts to watch. First Solar, Inc . (NASDAQ: FSLR ) jumped $2.38 to $65.82 on 1.5 million shares, or 1 1/2 ...
(Bloomberg) -- People love renewable power projects. Just not the one next door.While states from New York to Nevada want to get most of their power from solar plants and wind farms, residents are balking at living near green projects. And unlike opposition to fossil fuels due to concerns over pollution and contamination, the hostility toward clean power is largely driven by aesthetics and property values.Rows of solar panels threaten to mar pristine vistas, while fears are rising among local residents that towering wind turbines will ruin the bucolic nature of their rural towns and drive down home prices. It’s the latest iteration of a longstanding dilemma: People want projects built for the public good —s uch as affordable housing or roads and power lines — but don’t want to be near them.“There’s a reason people live in communities like this,” said Pamela Atwater, president of a citizens’ group in upstate New York fighting a proposed wind farm on the Lake Ontario shore. “It’s a big visual impact, a big noise impact. It would change the nature, the character of where we live.”As large projects proliferate across the country, such worries are dimming the green glow that once surrounded an industry built on the promise of saving the world. For instance, supervisors for the largest county in California — a state that has committed to going carbon-free by 2045 — voted in February to block new renewable facilities near many rural desert communities. San Bernardino County saw a spate of plant construction in the last decade, and some longtime residents suddenly found their views of the desert transformed by fields of panels, said County Supervisor Robert Lovingood. “We believe in this industry, but it’s a balance,” Lovingood said, adding that the new regulations still leave plenty of room for development in a county that’s larger than Connecticut, Massachusetts and Rhode Island combined. “We don’t have to disturb more pristine desert,” he said.In New York, legislators passed a climate change plan in June calling for all of the state’s electricity to come from emissions-free sources by 2040. And yet, two upstate wind farm proposals stalled this year, one in the face of determined resistance from Atwater’s citizens’ group, the other on concerns it would threaten a bald eagle nest.“Companies are learning that the halo effect of building solar and wind projects isn’t necessarily enough to protect them from backlash from NIMBYs,” said Alicia Rivera, spokeswoman for renewable developer RES Ltd., referring to the “Not in my backyard” sentiment that has long fueled opposition to big infrastructure projects.Labeling opponents NIMBYs, however, does nothing to win them over. “Bottom line: They think local people just need to become more educated,” Atwater said. “That doesn’t fly very well.” Land-intensive and highly visible, individual solar and wind projects have often generated friction with potential neighbors. The pushback may be more noticeable now than, say, 10 years ago, simply because more projects are being proposed in more states, affecting more communities.“Maybe the easy places for these things to go have been taken,” said Cullen Howe, a senior renewable energy advocate for the Natural Resources Defense Council. “Oftentimes, the places these things are now being sited are closer to residential areas, so there’s going to be a greater number of people affected.”After residents raised concerns about their property values, a proposed NextEra Energy Inc. wind farm fell short of winning approval from Reno County commissioners in Kansas in June. Nebraska passed a law in May making it easier for land owners to challenge in court new transmission lines for wind farms. Renewable developer RES has dealt with its fair share of backlash. In April, the company canceled its Summit Lake Wind project, a proposed 130-megawatt wind farm in L’Anse Township, Michigan. RES said the decision was due to ongoing delays in the planning process, which made the project unworkable.Summit Lake faced resistance over fears that the wind turbines would spoil wilderness and discourage tourism on a quiet stretch of the Lake Superior shore. The project site, next to the L’Anse Indian Reservation, also raised concerns among the Keweenaw Bay Indian Community that the turbines would harm their ability to fish and hunt in the area.The company also canceled plans for a 600 MW wind farm in northern Indiana in September 2018. The Harvest Wind project had received pushback from the local communities in Cass and Miami counties that were concerned about property rights and safety issues. Still, the company has also met with success. In December 2018, it finished a 80-megawatt wind project in upstate New York and in March broke ground on a solar facility in Georgia.“I think people are right to ask questions about what it means to have a wind farm in a community,” said Paul Copleman, a spokesman for Avangrid Renewables, which last year canceled a wind farm in New York state. “It’s our responsibility to do our best to explain the science, explain what it’s going to mean and convey those benefits.”This story is part of Covering Climate Now, a global collaboration of more than 220 news outlets to highlight climate change. \--With assistance from Hannah Recht and Christopher Cannon.To contact the authors of this story: David R Baker in San Francisco at email@example.comMillicent Dent in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Lynn Doan at email@example.com, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Almost all the solar stocks have had a fantastic run so far this year, and First Solar (FSLR) is no exception. FSLR stock is up more than 45% year-to-date.
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First Solar (FSLR) stock fell more than 10% from its 52-week high early this month. In a strong solar environment, FSLR stock has gained more than 45% YTD.