Bear Of The Day: First Solar (FSLR)
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I hate to rain on the solar parade, but even the sunniest sector can cast a shadow—and right now, that shadow’s falling squarely on First Solar (FSLR). Once the golden child of American clean energy, FSLR has lately been looking less like a renewable rocket and more like a deflating weather balloon.
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Today’s Bear of the Day, First Solar is a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.
The stock is currently a Zacks Rank #5 (Strong Sell). The reason for the unfavorable rank does not stem from growth expectations or anything like that. Rather, it’s because twelve analysts cut their expectations for the current year while eleven have done so for next year.
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First Solar, Inc. (FSLR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).