 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
First Solar (FSLR) is a leading global provider of comprehensive photovoltaic solar energy solutions which use its advanced module and system technology. 
The Company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today.
From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy solutions protect and enhance the environment.
Shares are heading higher in an upward "trading channel." The lower boundary of the channel coincides with the stock's 50-day moving average.
On July 28th, First Solar reported 2nd Quarter June 2022 earnings of $0.52 per share on revenue of $621.0 million. The consensus earnings estimate was $0.30 per share on revenue of $596.8 million.
The company said it expects 2022 results to range from a loss of $0.25 per share to earnings of $0.25 per share on revenue of $2.55 billion to $2.80 billion. The company's previous guidance was for results to range from breakeven to earnings of $0.60 per share on revenue of $2.40 billion to $2.60 billion and the current consensus earnings estimate is $0.34 per share on revenue of $2.47 billion for the year ending December 31, 2022. November 3rd is the next earnings report.
Higher share prices are expected.
Entry Point: $126.50
Stop Loss: $115.00
Trading Range: $59.60 to $145.74
Target Price: $139.00
