First Solar Rejects US Site for New Factory, Eyes Europe or India Instead [Business News Network (BNN) (Canada)]
First Solar, Inc. (FSLR)
Last first solar, inc. earnings: 2/20 04:05 pm
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Source: Business News Network
The biggest US solar manufacturer is still planning a manufacturing facility in either Europe or India, and Chief Executive Officer Mark Widmar expects to make a final decision within 90 days. That would come after the company completes a third US plant early next year in Ohio and its first factory in India in the second half of 2023. The decision is a setback for US President Joe Biden's efforts to boost domestic solar manufacturing. Solar installations have slowed this year amid a US Commerce Department trade investigation, raising the prospect of tariffs on panels imported from four Southeast Asian nations. While the White House announced this month a two-year moratorium on new tariffs and took steps to encourage American production, Widmar said the moves don't address underlying issues that give cheap Asian panels an advantage over US producers. He's seeking instead tax breaks that will give First Solar economic incentives without raising prices for projects using imports. “W
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FSLR
News
- First Solar, Inc. (NASDAQ: FSLR) had its price target lowered by analysts at Guggenheim from $359.00 to $356.00. They now have a "buy" rating on the stock.MarketBeat
- First Solar, Inc. (NASDAQ: FSLR) had its price target raised by analysts at JPMorgan Chase & Co. from $237.00 to $240.00. They now have an "overweight" rating on the stock.MarketBeat
- First Solar (FSLR) Q1 Earnings Beat Estimates, Sales Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- First Solar, Inc. (NASDAQ: FSLR) had its price target raised by analysts at UBS Group AG from $250.00 to $252.00. They now have a "buy" rating on the stock.MarketBeat
- First Solar, Inc. (NASDAQ: FSLR) had its price target raised by analysts at Jefferies Financial Group Inc. from $209.50 to $211.00. They now have a "buy" rating on the stock.MarketBeat
FSLR
Earnings
- 5/1/24 - Beat
FSLR
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/5/24 - Form 4
- FSLR's page on the SEC website