Why did First Solar’s shares fall 10% in January?
Shares of First Solar ( NASDAQ:FSLR) sank 10.1% in January, according to data from S&P Global Market Intelligence. The stock market suffered steep sell-offs last month, and investors took a more cautious approach to valuing renewable energy companies.
Are there any solar stocks that pay dividends?
There aren't a lot of solar stocks that pay dividends. But these utilities and yieldcos are an emerging part of the energy market, and they're financing the solar industry's growth while paying large dividends to investors. If you're looking for payouts that can stand the test of time, these are four great stocks for your portfolio.
Should you buy solar yieldcos with high dividends?
The high dividend may make it hard for the company to acquire growth projects with stock, one way yieldcos fund growth, but if you're just looking for a high-yield dividend payout with less certainty for long-term growth, this is it. There aren't a lot of solar stocks that pay dividends.
Who are the best dividend payers in energy?
As the industry grows, a key segment is solar project owners. These are ultimately the financiers of solar projects around the world, and they also happen to be some of the best dividend payers in energy today.
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Does First Solar stock pay dividends?
FSLR does not currently pay a dividend.
Do any solar stocks pay dividends?
NextEra Energy Partners has nearly doubled its quarterly dividend in five years; it raised its distribution by almost 15% in the first quarter. The utility has a portfolio of around 8 gigawatts (GW) of renewable energy projects in the U.S. BEP dividend per share (quarterly).
Is First Solar undervalued?
First Solar shows a prevailing Real Value of $89.03 per share. The current price of the firm is $70.07. At this time, the firm appears to be undervalued....6.1 B.LowTarget PriceHigh62.00106.56140.00
Does Canadian Solar stock pay dividends?
CANADIAN SOLAR (NASDAQ: CSIQ) does not pay a dividend.
Are solar stocks a good investment?
Is solar energy a good investment? Solar energy has the potential to be a good investment over the long term. With development expected to accelerate in the coming years, solar energy companies should grow rapidly, thereby boosting stock prices.
Which solar share is best?
Solar Stocks with the Most MomentumPrice ($)12-Month Trailing Total Return (%)JinkoSolar Holding Co. Ltd. (JKS)62.1454.9Enphase Energy Inc. (ENPH)196.3446.4SolarEdge Technologies Inc. (SEDG)298.3425.12 more rows
Should I sell First Solar stock?
The consensus among Wall Street analysts is that investors should "hold" First Solar stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FSLR, but not buy additional shares or sell existing shares.
Should I sell FSLR stock?
Out of 16 analysts, 5 (31.25%) are recommending FSLR as a Strong Buy, 0 (0%) are recommending FSLR as a Buy, 9 (56.25%) are recommending FSLR as a Hold, 1 (6.25%) are recommending FSLR as a Sell, and 1 (6.25%) are recommending FSLR as a Strong Sell.
First Solar is back in growth mode, and that could be great for the stock
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
Key Points
First Solar has shed its non-core businesses and focused on what it does best -- solar panel manufacturing.
The evolution of First Solar
A lot has happened at First Solar over the past decade. The company was one of the industry's leaders in solar panel manufacturing going back nearly two decades, but in the past 10 years, it has seen increased competition from silicon-based solar panels, primarily made in China.
First Solar's steady-as-it-goes business
Despite all of the turbulence, First Solar's revenue has been fairly steady over the past five years. At the same time, net income has been rising steadily as new manufacturing processes have come online, driving higher margins. At the same time, the simplified business model I mentioned has led to lower operating expenses.
How First Solar becomes a growth stock
First Solar has recently announced two major manufacturing expansions that will about double its capacity. The first is a $680 million investment in the U.S. that will add 3.0 gigawatts (GW) of capacity by the end of 2023 and 3.3 GW in 2025.
Key Points
First Solar stock pulled back amid sell-offs for the broader market last month.
NASDAQ: FSLR
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What happened
Shares of First Solar ( FSLR 2.38% ) sank 10.1% in January, according to data from S&P Global Market Intelligence. The stock market suffered steep sell-offs last month, and investors took a more cautious approach to valuing renewable energy companies.
NASDAQ: FSLR
Considering that the Nasdaq Composite index fell 9% and many growth-dependent stocks saw much bigger pullbacks, First Solar's sell-off wasn't as bad as it could have been.
So what
First Solar did have a bit of good news last month. The company announced on Jan. 13 that Swift Current Energy had placed an order for 1.2 gigawatts of its ultra-low-carbon thin film photovoltaic solar modules. First Solar is on track to deliver the modules in 2023 and 2024.
Now what
First Solar stock continued to slide early in February. The company's share price has fallen roughly 9% in this month's trading so far, and it looks like some recent tariff news has factored into the sell-off.
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A Closer Look at First Solar Stock
The company’s Q2 revenue climbed $110 million quarter-over-quarter and came in ahead of analysts’ average outlook.
North American Exposure
In August 2020, First Solar estimated that about 75% of its potential booking opportunities were in North America. While I’m upbeat about solar’s outlook in the U.S., I’m much more bullish on its prospects in other places, namely China, Europe, and the Persian Gulf region.
The thin-film solar panel manufacturer will get an edge from the solar tariffs the president has imposed, but its advantage may not last long
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
Where First Solar will see a tariff windfall
As of Dec. 5, 2017, at First Solar's analyst day, the company had 13.8 GW of manufacturing capacity between 2018 and 2020, the first three years of the four that the tariffs will be in effect.
What is First Solar's potential in 2021 and beyond?
First Solar certainly took advantage of the threat of solar tariffs in 2017, booking 6.7 GW of sales in the first three quarters alone. And these bookings are the main reason the stock more than doubled in 2017.
First Solar's current lead isn't guaranteed
First Solar has had a unique opportunity to exploit with solar tariffs (and the threat of them) pushing U.S. customers toward its thin-film products. But the advantage it has enjoyed over the past year may not last, especially with competitors building U.S. capacity and tariffs set to scale down and eventually expire in early 2022.
What are solar assets?
The solar assets range from rooftop solar systems on homes and commercial buildings to some of the largest solar farms in the world. The portfolio of assets has a weighted average of 13 years left on its contracts to sell energy to customers like utilities, corporations, and governments. That creates the stable cash flow that funds the dividend.
Is solar energy competitive?
The solar industry has had its share of ups and downs over the past decade, particularly as manufacturers have had to lower costs to stay competitive. But falling costs have made solar energy more competitive in the global energy market, which has driven a rapid increase in installed solar projects. As the industry grows, a key segment is solar ...
Does solar pay dividends?
Solar's dividend stocks. There aren't a lot of solar stocks that pay dividends.
