|Bid||64.66 x 2900|
|Ask||66.00 x 1000|
|Day's range||63.82 - 66.85|
|52-week range||59.60 - 123.13|
|Beta (5Y monthly)||1.36|
|PE ratio (TTM)||15.42|
|Earnings date||27 Apr 2022 - 02 May 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||85.80|
First Solar (FSLR) clinches an agreement with PAG Real Assets involving the sale of the 293 MW utility-scale solar project development platform and a solar O&M platform.
The solar industry has felt pressure from a number of sides recently as interest rates rise and commodity and labor costs increase. What First Solar (NASDAQ: FSLR) confirmed with its recent earnings report is that the solar industry is alive and well. Profits may be turbulent, but demand for solar products is improving, and there could be significant growth ahead.
Global renewable energy consumption is expected to more than double by 2050, with solar energy contributing a sizable chunk of this growth. In the first quarter of 2022, JinkoSolar's module shipments grew 76%, while total shipments grew 56.7% year over year. JinkoSolar sells solar wafers, cells, and complete modules.