Keep an eye on solar stocks, like First Solar (FSLR).
The stock could see brighter days ahead.
At the moment, FSLR is up about in pre-market on full-year earnings and revenue guidance. In fact, according to Street Insider, “Fourth-quarter revenue of $1 billion was in line with estimates, while a fourth-quarter loss per share of 7 cents beat expectations for a loss of 17 cents a share. The company said net sales were driven by increased module sales and the sale of its Luz del Norte project in Chile in the quarter.”
“It expects 2023 revenue to reach a range of $3.4B to $3.6B and 2023 earnings per share in a range of $7 to $8. Analysts had forecast revenue of $3.36B and earnings per share of $5.22 for this year.” Goldman Sachs is just as bullish on FSLR with a price target of $260.
The last time we mentioned FSLR was on Nov. 2. Since then, FSLR ran from $149 to $169 so far. In pre-market, it’s up to $178.50.