Latest news with #FirstSolar
Yahoo
2 days ago
- Business
- Yahoo
First Solar (FSLR) Ascends While Market Falls: Some Facts to Note
In the latest close session, First Solar (FSLR) was up +1.33% at $175.85. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq gained 0.05%. Heading into today, shares of the largest U.S. solar company had gained 20.79% over the past month, outpacing the Oils-Energy sector's loss of 1.27% and the S&P 500's gain of 5.37%. Investors will be eagerly watching for the performance of First Solar in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2025. The company is expected to report EPS of $2.68, down 17.54% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.02 billion, indicating a 1.12% upward movement from the same quarter last year. FSLR's full-year Zacks Consensus Estimates are calling for earnings of $14.85 per share and revenue of $4.98 billion. These results would represent year-over-year changes of +23.54% and +18.44%, respectively. It is also important to note the recent changes to analyst estimates for First Solar. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.41% higher. At present, First Solar boasts a Zacks Rank of #3 (Hold). Looking at valuation, First Solar is presently trading at a Forward P/E ratio of 11.69. This represents a discount compared to its industry average Forward P/E of 15.73. Investors should also note that FSLR has a PEG ratio of 0.34 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Solar industry had an average PEG ratio of 0.58 as trading concluded yesterday. The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 38% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Time of India
3 days ago
- Business
- Time of India
US solar companies file trade plea against India, Indonesia
Representative photo US solar manufacturers said they have filed new trade petitions against India, Indonesia and Laos alleging illegal practices by largely Chinese-owned companies operating in those countries. The new anti-dumping and countervailing duty petitions were filed by the Alliance for American Solar Manufacturing and Trade, which includes First Solar, Mission Solar Energy and Qcells. The trade group alleges China is flooding the market with unfairly cheap goods made in factories in the three Asian countries. The latest trade case adds new uncertainty to a US solar industry hit by tariffs and moves by President Donald Trump to arrest the growth of renewables. It also comes after the US slapped new duties on equipment made in Malaysia, Thailand, Vietnam and Cambodia. The US has seen a massive shift in its solar supply chain after a years-long investigation into tariff circumvention led to higher duties on solar equipment from the recently tariffed former top suppliers in Southeast Asia. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
4 days ago
- Business
- Mint
US solar giants demand tariffs in new trade battle against India, Indonesia and Laos
Major U.S. solar companies First Solar, Qcells, Talon PV, and Mission Solar formally asked the U.S. Commerce Department to impose heavy fees on solar panel imports from Indonesia, India, and Laos. Their July 11 petition claims manufacturers in these countries sell panels below fair value, a practice called 'dumping', while receiving illegal government subsidies. The group, called the Alliance for American Solar Manufacturing and Trade, previously won similar tariffs against Malaysia, Cambodia, Vietnam, and Thailand earlier this year. The alliance argues manufacturers simply relocated from tariff-hit Southeast Asian nations to Indonesia and Laos to continue 'flooding the U.S. market with artificially cheap panels'. Indian producers face fresh accusations of using government aid to undercut American prices by 40-60%. "These countries became the next dumping grounds after our last victory," said alliance lawyer Tim Brightbill. Commerce Department data shows imports from the three targeted nations surged 78% in Q1 2024 as other Asian supplies dropped. Domestic producers warn new tariffs are essential to protect $20+ billion in recent U.S. factory investments. First Solar is expanding Ohio production while Qcells builds a $2.5 billion Georgia supply chain, projects creating 8,000 jobs. Without tariffs, they argue Chinese-backed companies will 'crush American solar manufacturing before it scales up'. The petition specifically names eight foreign producers, including Laos' SunKing and India's Waaree Energies. Asian governments and climate advocates oppose the tariffs, warning they could raise U.S. solar prices by 30% and slow clean energy adoption. The US Commerce Department must decide by August 12 whether to investigate. The move tests the White House' balancing act between supporting domestic manufacturing and keeping solar affordable amid climate goals.
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
US solar panel makers request tariffs on Indonesia, Laos and India
Solar panels in Jakarta, Indonesia. U.S. manufacturers accuse China-backed companies in Indonesia and Laos of dumping solar cells in the U.S. market. © Reuters PAK YIU NEW YORK -- A coalition of U.S. solar manufacturers petitioned the federal government on Thursday to impose tariffs on imports from four Asian countries, a move targeted at Chinese and Indian companies. First Solar and three other manufacturers say companies in Indonesia, Laos and India are dumping solar cells in the U.S. market at prices below the cost of production, leaving domestic manufacturers unable to compete.
CNA
4 days ago
- Business
- CNA
US solar panel makers seek tariffs on imports from Indonesia, India, Laos
A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency web site. The petition is the latest effort by the small U.S. solar manufacturing industry to seek trade relief to protect billions of dollars of investment and compete with goods produced mainly by Chinese companies overseas. The Alliance for American Solar Manufacturing and Trade, which filed the petition, includes First Solar, Hanwha's Qcells, Talon PV and Mission Solar. The group has succeeded previously in winning tariffs on imports from countries in Southeast Asia including Malaysia, Cambodia, Vietnam and Thailand. Those tariffs were finalized earlier this year, prompting some global producers to shift production to Indonesia and Laos. The alliance accuses Indian manufacturers, too, of dumping cheap goods in the United States to undercut domestic producers.
