|Bid||55.21 x 900|
|Ask||55.20 x 1200|
|Day's Range||54.92 - 56.86|
|52 Week Range||36.51 - 69.24|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||244.87|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||77.09|
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
The former CEO of Pittsburgh’s fourth largest law firm is now deputy general counsel for litigation at a company based in Tempe, Arizona. Timothy Ryan, who led Eckert Seamans Cherin & Mellott LLC for 12 years before stepping down in March 2017, has joined First Solar Inc. He departed the firm he joined in 1986 last week to take on the next chapter in his career. Ryan said he had worked with First Solar for many years and re-engaged with the company after leaving Eckert’s helm.
Canadian Solar (CSIQ) is set to construct three solar projects in Brazil, wherein its high efficiency bifacial BiHiKu modules will be installed.
Solar stocks have had a great run this year. Strong demand, falling costs, and higher corporate investments have supported these renewables in 2019.
Co-host Dennis Dick, who is a shareholder of First Solar around the $60 area, said he intends to use the unexpected rally to exit or reduce the size of his position. Citigroup is hoping to a hitch a ride in a potential rally in Uber Technologies Inc (NYSE: UBER): the sell-side firm upgraded the ride-hailing company from Neutral to Buy with a $45 price target. Traders and investors looking to get in on the cheap were encouraged to stalk Friday's closing price as a potential support point after Uber traded higher in the premarket session.
First Solar and SunPower may benefit from a move by the United States Trade Representative. The agency closed a tariff exemption on Friday for so-called “bifacial” solar panels.
Lackluster economic data and low expectations for U.S.-China trade talks, set to resume Thursday, are weighing on investors’ moods.
The Trump administration is eliminating an exemption that allows overseas competitors to avoid 25% tariffs on certain solar panels.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration dealt a fresh blow to renewable energy developers on Friday by stripping away an exemption the industry was counting on to weather the president’s tariffs on imported panels.The U.S. Trade Representative said Friday it was eliminating a loophole granted about four months ago for bifacial solar panels, which generate electricity on both sides. They’ll now be subject to the duties Trump announced on imported equipment in early 2018, currently at 25%. The change takes effect Oct. 28.The exclusion had been a reprieve for the solar industry, which lost thousands of jobs and put projects on ice as a result of the tariffs. Some panel manufacturers had already begun shifting supply chains to produce more bifacial panels. Stripping the exemption represents a setback to developers building big U.S. solar projects. American panel makers First Solar Inc. and SunPower Corp. will meanwhile regain an edge on foreign competitors.“The solar tariffs are back,” Tara Narayanan, an analyst at BloombergNEF, said in an interview Friday. “U.S. solar developers cannot buy products with lower costs and higher output as they briefly thought they could.”First Solar, the largest U.S. solar panel maker, and SunPower both gained in after-markets trading late Friday.What BloombergNEF Says“The withdraw of tariff exemption for bifacial will cool down its popularity in the U.S. a little, but not stop the rise of the technology, which introduces improved economics even without tariff exemption.”-- Xiaoting Wang, solar analystDevelopers that have used bifacial panels and stand to take a hit from ending the exclusion include Renewable Energy Systems Americas Inc. and Swinerton Inc.While bifacial panels accounted for just 3% of the solar market last year, BloombergNEF had projected a swift ramp-up in production as manufacturers tried to insulate themselves from U.S. tariffs.The trade group Solar Energy Industries Association fought to preserve the exemption, saying bifacial technology held “great promise for creating jobs, right here in America.”“We’re obviously disappointed,” the group’s general counsel, John Smirnow, said Friday. “We look forward to making sure the bifacial exemption gets a fair hearing” during the solar tariff’s mid-term review process, he said. The U.S. Trade Representative said in its filing that the exclusion would’ve probably resulted in “significant increases in imports of bifacial solar panels” that would’ve rivaled domestically produced ones. SunPower, based in San Jose, California, opposed the exemption without a cap, saying that it would otherwise defeat the purpose of the tariffs. “It just means everyone is going to make a bifacial,” the company’s chief executive officer, Tom Werner, said in a Sept. 23 interview.\--With assistance from Joe Ryan and Ben Livesey.To contact the reporters on this story: Brian Eckhouse in New York at firstname.lastname@example.org;Christopher Martin in New York at email@example.com;Ari Natter in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Joe Ryan, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Whether from conventional or renewable sources, energy is the world’s truly must-have commodity. Without it, the global economy would simply halt. This bottom-line absolute necessity gives a resilience to energy companies that strengthens them in the markets and attracts positive attention from Wall Street’s analysts.“We believe favorable technicals, improving fundamentals with stabilizing business cycle, and ongoing geopolitical tensions in the Middle East could help redirect flows into this universally hated and cheap [energy] sector,” said JP Morgan's chief U.S. equity strategist, Dubravko Lakos-Buja.We’ve opened up TipRanks’ Stock Screener to find three Strong Buy energy stocks that combine positive analyst endorsements with high upside. Each represents a different segment of the energy sector, and each shows how an energy company can leverage the unique features of a particular niche to boost the stock and benefit shareholders. Enphase Energy: 41% UpsideThe market leader in microinverter solar technology, Enphase (ENPH – Get Report) has shipped over 10 million microinverters to the North American, European, and Australian residential and commercial markets. Solar energy – clean and infinite – is widely considered a major source of future commercial power generation, and microinverters are an important part of a solar system. The devices convert the direct current power from a photovoltaic panel into the alternating current used on electrical grids. Enphase was the first company to set up successful, large-scale microinverter production. Year-to-date, Enphase stock is up a whopping 370%.The company’s leading role in its niche has prompted JPMorgan’s 4-star analyst Mark Strouse to initiate coverage of the stock with a 'buy' rating and a $32 price target. He says, “We are encouraged by ENPH’s fundamental outlook, driven by industry tailwinds (unit growth in solar, MLPE share gains against traditional string inverters, residential energy storage penetration), as well as company-specific tailwinds (new products, improving margins and cash flow, international expansion opportunities).” Strouse’s price target suggests room for an additional 43% upside in the coming 12 months. (To watch Strouse's track record, click here)Strong products and a clear path to monetization are a firm foundation for any company, and Gus Richard, of Northland Securities, sees plenty of both at Enphase. In his recent research note on the company, Richard says, “ENPH product offerings are shifting away from components to energy management solutions. The Company is developing software and hardware that allow a consumer to optimize its production and usage of electricity with the introduction of its Ensemble solution that incorporates its new inverter IQ 8 and Encharge its battery solution. The Ensemble solution will expand the Company’s revenue opportunity per household from $2K to $10K.” Richard’s $40 price target implies an impressive upside potential of 79%. Overall, Enphase has a Strong Buy from the analyst consensus. In the last three months, 8 top analysts have reviewed this stock, and all have given buy ratings. Shares are currently selling for $22, and the $31 average price target suggests an upside of 41%. (See ENPH's price targets and analyst ratings on TipRanks) First Solar: 31% UpsideWhere Enhpase focuses on inverter tech, First Solar (FSLR – Get Report) manufactures actual photovoltaic panels that collect solar radiation for energy conversion. The company supplies large-scale installations for solar power plants, and offers service across the full life cycle of the panels – from purchase and financing, to construction, to maintenance and recycling. First Solar is also a leader in cadmium telluride semiconducting panels, and is notable as the first major solar panel producer to push its production cost below $1 per watt of power. The company’s stock is up 37% this year, and has recorded a 49% three-year gain. 4-star analyst Jon Windham, of UBS, reiterated his buy rating on FSLR earlier this month. Citing the company’s move away from direct participation in engineering, procurement, and construction (EPC), Windham writes, “The switch to the larger industry standard sizing of the Series 6 module is key to enabling FSLR to effectively utilize third party EPC. In our view, this transition will give FSLR more flexibility in the development process and enable increased management focus on higher margin Series 6 module manufacturing operations.” Windham’s price target of $80 indicates a 36% upside potential.FSLR’s Strong Buy consensus rating is derived from 5 buys and 1 hold given in the past three months. The stock is selling for $58, and the average price target of $76.50 suggests a robust upside potential of nearly 31%. (See FSLR's price targets and analyst ratings on TipRanks) Parsley Energy: 41% UpsideLast month, Parsley (PE – Get Report) beat the earnings forecast, showing 32 cents EPS as opposed to the estimated 31. Q2 revenues came in at $498.54 million. Both EPS and revenue were well ahead of the previous year’s Q2. Riding high on the earnings optimism, Parsley management announced the company’s first dividend, a 3-cent payment to be disbursed quarterly.Parsley built its profitable business on the Texas oilpatch. The company is engaged in exploration and drilling in the Permian basin of West Texas, currently the richest oil producing area the United States.Writing from Piper Jaffray, Kashy Harrison sums up Parsley’s situation: “Parsley's execution this year has been solid. Following the indication of a Q3 production beat and the initiation of a dividend, PE has achieved a multiple inline with larger Permian players… We believe PE is well positioned to exit 2019 favorably. Accordingly, with 2019 coming to a close, investors are increasingly exploring 2020 probabilities… We believe PE has the potential to deliver around 10% production growth…” Harrison’s $22 price target implies an upside of 29%.Neal Dingmann, of SunTrust Robinson, believe that this oil company is on the way up. He writes, “We continue to forecast Parsley to growth ˜2%+/qtr and become FCF positive this month while remaining FCF positive in 2020 even if oil prices fall as low as ~$51/bbl… We believe the company is in a position to generate doubledigit exit-to-exit oil production growth in 2020 while generating $200MM+ in free cash flow.” His price target, $23, indicates his confidence in a 35% upside for PE.Parsley holds a Strong Buy rating from the analyst consensus, based on 10 buys and 2 holds assigned over the past three months. At just $17 per share, PE has the lowest cost of entry of the stocks in this list. The average price target, $24, suggests a 41% upside. (See PE's price targets and analyst ratings on TipRanks)
Almost all solar stocks fell sharply on September 26. First Solar (FSLR) fell about 7% yesterday while this year’s top gainer, Enphase Energy, fell 7.5%.
First Solar's (FSLR) Series 6 solar modules are produced in just 3.5 hours using its proprietary thin film technology, offering a performance advantage over conventional solar panels.
First Solar is the IBD Stock Of The Day, a solar panel maker that is riding a wave of enthusiasm for solar industry stocks. First Solar has formed a cup base, with a buy point of 69.33.
Market breadth remains supportive of higher stock prices despite lackluster price action. The "steady as she goes" advance/decline (AD) lines are all at or near all-time highs. These include the S&P 500, the NYSE common-stock only, the S&P 400 MidCap and the S&P 600 SmallCap (SML) AD lines. All these lines continue to lead price, which is generally bullish for future returns. The McClellan Summation Index is derived from the McClellan Oscillator, which is a breadth indicator based on net advances on the NYSE Composite. The summation index is simply a running total of the oscillator values. At Friday's close, the summation index stood at a bullish +782 and above its eight-week exponential moving average.
Top solar stock First Solar (FSLR) has surged about 10% in September. FSLR is trading close to its 52-week high and might continue to march upward.
US-headquartered First Solar, Inc. (FSLR) today announced that it will supply more than 1.7 gigawatts (GW)DC of its high-performance Series 6 photovoltaic (PV) modules to utility-scale renewable energy developer Intersect Power as part of a multiyear supply agreement. “With the scale of this transaction, we knew it was critical to partner with a top-tier module manufacturer like First Solar that can reliably deliver a world-class, high-performance product at competitive prices,” said Sheldon Kimber, CEO, and co-founder of Intersect Power. “Our decision to contract with First Solar was based on our confidence in its Series 6 technology and its ability to stand behind its obligations.
First Solar, Inc. (FSLR) is celebrating two decades since its founding in 1999 and 25 gigawatts (GW)DC of photovoltaic (PV) modules shipped, making it the only American solar manufacturing company to achieve this milestone. This leadership is no accident and is driven by a combination of determined innovation, and an unwavering focus on delivering value to our customers and our shareholders,” said Mark Widmar, Chief Executive Officer, First Solar. Headquartered in Tempe, Arizona, First Solar’s technological roots are in Perrysburg, Ohio, where the Company achieved commercial production of its proprietary thin film module technology in 2002.
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 ...