Wolfe Research Downgrades First Solar (FSLR) to Peerperform, 'Stepping off the rocket ship'

First Solar (FSLR) downgraded at Wolfe Research 'more challenging' upside argument

May 15, 2023 10:01 AM EDT

First Solar (NASDAQ: FSLR) was cut to Peer Perform from Outperform by Wolfe research analyst Steve Fleishman, who also removed the firm's price target on the stock in a note Monday.

The analyst said they are stepping to the sidelines as the stock... More

First Solar (FSLR) Removed from Wolfe Alpha List

May 15, 2023 5:45 AM EDT

First Solar (NASDAQ: FSLR) Removed from Wolfe Alpha List

Removal coincides with downgrade as firm notes "stepping off the rocket ship".... More

S&P 500 set for another weekly loss as tech drops on plunge in consumer sentiment

May 12, 2023 3:57 PM EDT

Investing.com -- The S&P 500 stumbled Friday, staying on course for another weekly loss as rising yields blunted tech stocks and a plunge in consumer sentiment to six-month lows triggered a bout of caution on Wall Street.

The S&P 500 fell 0.6%, the Dow Jones Industrial Average fell 0.5%, or 154 points lower, and the Nasdaq slid 0.8%

The melt-up in tech stocks ran out of steam as Treasury yields regained momentum after Federal Reserve officials suggested that further rate hikes cant be ruled out as inflation remains too high and labor markets too tight.

... More

Midday movers: First Solar, Tesla, Charles Schwab and more

May 12, 2023 2:19 PM EDT

Investing.com -- Stocks were headed for another down week after weaker-than-expected consumer sentiment for May. Here are the market movers for May 12.

First Solar Inc (NASDAQ: FSLR) shares rose 24%... More

Piper Comments on First Solar (FSLR): 'We believe this guidance clears the way for FSLR to announce another US project'

May 12, 2023 2:08 PM EDT

Analyst Kashy Harrison comments "Earlier, Treasury released guidance on the IRA's domestic content adder and both tests are stringent. WRT steel, structural components must be manufactured/processed within the US (+ARRY). WRT the manufactured products test. Treasury has defined the manufactured components which need to be domestic in order to obtain the adder... More

First Solar surges as tax incentive guidance seen driving growth

May 12, 2023 11:10 AM EDT

(Updated - May 12, 2023 2:44 PM EDT)

Arizona-based solar energy company First Solar's stock climbed by over 20% Friday. A few other domestic solar companies moved higher too, including New Mexico Array Technologies, which gained 16%, and Californias Enphase Energy, up 3%.

Gains were tied to positive developments regarding clean energy tax incentives after the Department of the Treasury released guidance for the implementation of the Inflation... More

First Solar (FSLR) 30-day option implied volatility as shares rally

May 12, 2023 10:31 AM EDT

First Solar (NASDAQ: FSLR) 30-day option implied volatility is at 50; compared to its 52-week range of 40 to 69 on talk the domestic content ITC adder will require cell & module.

... More

IRA domestic content guidance seen as 'meaningful positive' for First Solar (FSLR)

May 12, 2023 9:51 AM EDT

First Solar (NASDAQ: FSLR) adds to gains and RothMKM analyst highlights that the Treasury just issued the IRA domestic content guidance.

He comments. "Our quick read suggests we are right: To qualify for the 10% domestic content adder, a project will... More

First Solar (FSLR), other solar names surge on talk the domestic content ITC adder will require cell & module

May 12, 2023 9:46 AM EDT

Solar names surge on talk the domestic content ITC adder will require cell & module:

First Solar (NASDAQ: FSLR) +19%Array Technologies Inc. (NASDAQ: ARRY) +15%Sunnova Energy International Inc. (NYSE: NOVA) +5%SunPower Corporation (NASDAQ: SPWR) +4%Invesco Solar ETF (NYSE: TAN) +4%... More

First Solar (FSLR) surges 10% as ITC adder will require cell and module

May 12, 2023 9:15 AM EDT

(Updated - May 12, 2023 9:26 AM EDT)

First Solar (NASDAQ: FSLR) climbs 10% as domestic content ITC adder will require cell & module, according to analysts: The company also announced a deal to acquire Evolar.

Analyst at RothMKM notes: "Our checks with multiple confirmations... More

First Solar (FSLR) Acquires Evolar

May 12, 2023 5:32 AM EDT

First Solar, Inc. (NASDAQ: FSLR) today announced that it has further strengthened its global leadership in thin film photovoltaics (PV) by acquiring Evolar AB, a European leader in perovskite technology. The purchase price is approximately $38 million paid at closing and up to an additional $42 million to be paid subject to certain technical milestones being... More