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In 2024, First Solar expects a $1.02 billion to $1.05 billion benefit from Section 45X tax credits, which is over half of the company's expected gross profit of $1.95 billion to $2 billion.
Bank of America dialed back its price target for First Solar shares from $343 to $321. The stock might be able to shrug off one or the other of these voiced concerns. Together though, there's too ...
As of 9:50 a.m. ET, shares of solar panel producer First Solar (NASDAQ: FSLR) are down 18.9%, while solar power provider Sunnova Energy International (NYSE: NOVA) crashed a staggering 43%.
First Solar is reporting great profits, but most of what's earned is from subsidies.
In 2009, First Solar became the first solar panel manufacturing company to lower its manufacturing cost to $1 per watt. [5] As of 2022, First Solar was considered the fourth-largest solar company on American stock exchanges by 12-month trailing revenue [6] and in 2012 was ranked sixth in Fast Company's list of the world's 50 most innovative ...
On Tuesday, UBS (NYSE: UBS) analysts Jon Windham and William Grippin raised their price target on First Solar to $270 while forecasting the solar panel manufacturer's earnings increase from $7.74 ...
FSLR earnings call for the period ending September 30, 2024.
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