46.71 -0.53 (-1.12%)
Pre-market: 5:18AM EDT
|Bid||46.80 x 200|
|Ask||47.75 x 100|
|Day's range||46.09 - 47.48|
|52-week range||25.56 - 53.00|
|PE ratio (TTM)||-10.20|
|Earnings date||26 Oct 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||53.63|
First Solar, Inc. will report financial results for the third quarter ended September 30, 2017, after the market closes on Thursday, October 26, 2017. The Company will hold its quarterly conference call to discuss these results and updated outlook for 2017 at 4:30 p.m.
It seems like First Solar should be the clear winner if tariffs are put on solar imports, but the upside may not be what you think.
First Solar Inc. is no longer on the sidelines of a trade case that threatens the $29 billion U.S. solar industry, and it’s supporting tariffs on imports.
Ormat Technologies (ORA) to benefit from strong backlog and international operations as it powers second unit of Sarulla geothermal power plant in Indonesia.
Williams Partners (WPZ) has brought online New York Bay Expansion. This is one of its five projected fully contracted expansion projects.
Statoil (STO) awards twin contracts worth NOK 7 billion for ISO services (insulation, scaffolding and surface treatment) for the NCS.
JinkoSolar (JKS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Kinder Morgan (KMI) receives approval from Federal Energy Regulatory Commission (FERC) for its Utica Marcellus Texas project. The project cost is estimated at $412 million.
Southwestern Energy (SWN) inks revised transportation agreement with a subsidiary of Boardwalk Pipeline Partners, Texas Gas Transmission, LLC, relating to a portion of its Fayetteville firm takeaway capacity.
Cheap imported solar cells have fueled an alternative-energy boom in the U.S., making solar cost-competitive with coal and natural gas in some states, and persuading over one million American homeowners to generate their own power. Now President Donald Trump is considering tariffs or other trade sanctions that could slow the flow of foreign cells and protect the handful of remaining U.S. manufacturers. Next year “will likely be the first year in decades when the solar industry has not grown,” says Shawn Kravetz, the president of hedge fund Esplanade Capital and a longtime solar investor.
Britain's first solar power farm to operate without a government subsidy is due to open in eastern England on Tuesday, as a sharp fall in costs has made renewable energy much more economical. Britain needs to invest in new energy capacity to replace aging coal and nuclear plants that are due to close in the 2020s. "The cost of solar panels and batteries has fallen dramatically over the past few years, and this first subsidy-free development at Clayhill is a significant moment for clean energy in the UK," Claire Perry, minister for Climate Change and Industry said.
Shares of First Solar surged on Friday after a U.S. trade agency ruled that cheap imported solar panels had harmed American manufacturers.
A federal trade agency ruled in favor of U.S. solar panel manufacturers seeking protection from imports.
A drop in solar energy stocks likely has more to do with the start of a trade case than the total eclipse's impact on solar farms.