We are tardy following up on our promise to return to FSLR in this morning's "First Solar's Decline: That Was A Quick 80 Bucks (FSLR)". Reality intruded but that is no excuse.
One of my physicians is an adjunct professor and department head as well as running her practice. The first time I went to see her one of her nurses came in ahead of the scheduled time and told me: "She's always late but she's worth it." She was and she was.
I believe I can say the same about the author of this piece, James Hyerczyk. The "worth the wait", not the always late.
From FX Empire, July 1:
Key Points:
- Anticipated AI electricity demand positions First Solar as a key beneficiary.
- First Solar stock drops nearly 10% after Trump outperforms Biden in debate.
- First Solar benefits from Biden’s tariffs and tax credits, enhancing competitiveness.
First Solar: Riding the Waves of Volatility Amid Political Uncertainty
First Solar (NASDAQ: FSLR) has found itself at the epicenter of market volatility, driven not just by its operational performance but by external political and technological factors. The company’s stock has seen significant price fluctuations recently, with bullish traders optimistic about its potential to meet the rising electricity demands spurred by the AI boom. On the other hand, skeptics attribute its recent gains to government subsidies aligned with President Biden’s green energy agenda, highlighting the stock’s high-risk nature.
Political Winds and Market Reactions
The political landscape heavily influences First Solar’s stock performance. Following a recent presidential debate where former President Donald Trump outperformed President Joe Biden, First Solar shares plummeted nearly 10%. Trump’s criticism of Biden’s Inflation Reduction Act as the “green new scam” underscores the market’s sensitivity to political rhetoric, particularly concerning clean energy policies. Investors are evidently pricing in the potential impact of a Trump victory on renewable energy stocks, leading to heightened volatility.Analyst Sentiments and Stock Performance
Despite the political noise, several research firms maintain a positive outlook on First Solar. BMO Capital Markets and Evercore ISI have upgraded their price targets and ratings, reflecting confidence in the company’s long-term prospects....
....MUCH MORE
The stock closed down another $5.98 (-2.69%) at $216.73, fully $90.04 below the intraday high less than three weeks ago.
First Solar will report their second quarter numbers in four weeks. We expect beats top and bottom and guidance to match or exceed the street. The Go-Go's are on standby for:
