26/02/2025 09:38

First Solar (FSLR US) $US147.46

As was expected (and priced to a degree), FSLR US reported 4Q earnings this morning and issued FY25 guidance, both were below consensus, though everything we’ve read and heard from the buy side (fund mangers rather than sell side brokers) was an expectation that this result would be on the softer result.

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11/02/2025 15:01

International Equities Portfolio – Amendments

We are trimming an overweight position and adding a new position in the International Equities Portfolio.

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30/10/2024 13:15

First Solar (FSLR US) US$199.67

A weaker than hoped 3Q from FSLR released after market overnight, with a downgrade to FY24 guidance to boot – shares traded down ~2.6%  after hours, having been down ~7% initially. 

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23/10/2024 09:15

First Solar (FSLR US) $US201.40

The widely held view is that solar and renewables, more generally, will have a tougher time under a Trump administration than they would under Kamala Harris. As the chances of that occurring have firmed, FSLR has been sold off - a logical reaction. Our 6% holding in the International Equities Portfolio is now only up ~8% as the stock pulled back from a recent high of $US300 down to $US200.

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11/10/2024 09:33

First Solar (FSLR US) $US205.04

Two days ago, HSBC put out a very bullish note on the manufacturer of commercial solar panels with a buy rating and a bullish $358 price target. That bullish view was rebuffed overnight by Jeffries, who flagged the potential for a soft upcoming quarterly result due out later this month.

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31/07/2024 09:23

First Solar (FSLR US) $210.89

The solar technology manufacturing produced revenue of $1bn for the quarter, up from $811m a year earlier and well ahead of consensus of $940m. Earnings per share (EPS) $3.25 compared with $2.71 expected, while they reconfirmed full-year guidance of $13 to $14 a share, from sales of $4.4-4.6bn

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03/07/2024 09:08

First Solar (FSLR US) US$216.73

It’s been a very volatile period for US-based solar company First Solar, having rallied significantly on the expectation that AI will drive huge demand for their industrial solar applications in coming years, thanks to a very bullish piece written by UBS (we covered here). The rally from below $US200 was aggressive, and now the pullback has been equally sharp, with Joe Biden’s dismal performance in the first debate the main reason. First Solar has benefitted from Biden’s Inflation Reduction Act which incentivises US manufacturing, with Trump calling the scheme the “green new scam”. This raised concerns about a Trump victory's impact on renewable energy stocks.

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04/06/2024 09:12

Could AI be the catalyst to power coal stocks higher?

Solar stocks have roared back into favour this year as the world searches for carbon-neutral energy alternatives. Overnight, we saw Goldman Sachs raise its price target for First Solar (FSLR US), a stock we’ve held since mid-2023. The US powerhouse cited tailwinds from tariffs and data centre demand looming on the horizon, providing further room for the stock to run even after its 80% surge over the past two months - “We remain bullish on the outlook for FSLR and believe several tailwinds could support higher [average selling prices] or potential capacity expansion,”.

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29/05/2024 09:30

First Solar (FSLR US) $US280.16

It's not often a stock runs more than 40% in 5 sessions without a takeover bid, however, First Solar (FSLR) has done just that and ripped to new all-time highs as the market started to appreciate (& price) what we had been seeing for a while.

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23/05/2024 09:41

First Solar Inc (FSLR US) $US251.75

A very strong move overnight in Solar Energy company First Solar (FSLR US) following our update on the stock in Wednesdays Portfolio Positioning report here. The move was an aggressive one with shares rallying over 18%, taking the two day advance to 26%. The move was not limited to FSLR, with other solar stocks doing well; Array Technologies, Nextracker and Enphase Energy also made significant gains while the Invesco Solar ETF added 9% on the day.

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