First Solar (NASDAQ:FSLR) reported its Q3 earnings results on Thursday, November 4, 2021 at 04:10 PM.
Here's what investors need to know about the announcement.
Key Takeaways:
JinkoSolar’s shares rise 5% after announcement of a new $70 million investment in domestic polysilicon maker Tongwei
Company’s stock is up 33% since early September on improving outlook for solar panel makers
By Doug Young
Companies Reporting Before The Bell
• DISH Network (NASDAQ:DISH) is likely to report quarterly earnings at $0.91 per share on revenue of $4.45 billion.
First Solar, Inc. (NASDAQ:FSLR) will report financial results for the third quarter ended September 30, 2021, after the market closes on Thursday, November 4, 2021. The Company will hold its quarterly conference call to
First Solar, Inc. (NASDAQ: FSLR) shares are trading lower after Guggenheim analyst Joseph Osha downgraded the stock from Buy to Neutral.
Despite the downgrade, the stock has increased approximately 19% over the past 90 trading sessions.
The reconciliation bill being debated in Washington, D.C. could be a major catalyst for the stock market, particularly among clean energy stocks. On Tuesday, Bank of America analyst Julien Dumoulin-Smith broke down the clean energy stocks he is recommending ahead of what could be a historic piece of legislation for the Biden administration.
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Shares of several solar stocks, including First Solar, Inc. (NASDAQ: FSLR), are trading higher amid energy supply shortages, causing a potential increase in demand for alternative energy sources.