Innovation will be the competitive advantage for Tesla Solar. Tesla launched a solar roof tile last month that’s more efficient and is easier to install.
First Solar stock has an EV-to-EBITDA valuation of 6.4x its estimated earnings for the next 12 months. The industry’s mean valuation is greater than 11x.
Almost all solar stocks fell sharply on September 26. First Solar (FSLR) fell about 7% yesterday while this year’s top gainer, Enphase Energy, fell 7.5%.
Almost all the solar stocks have had a fantastic run so far this year, and First Solar (FSLR) is no exception. FSLR stock is up more than 45% year-to-date.
First Solar (FSLR) stock fell more than 10% from its 52-week high early this month. In a strong solar environment, FSLR stock has gained more than 45% YTD.
Solar stocks started last week significantly lower due to increased trade war concerns. The solar energy space is one of the hottest sectors this year.
First Solar (FSLR) stock offers a potential upside of 9% for the next 12 months. The stock has a mean target price of $70.3—compared to its current market price of $61.8.
The Solar Energy Industries Association and Wood Mackenzie expect solar installations to increase 25% in 2019 compared to 2018. Previously, the group expected 14% growth in 2019.
Let’s look at the current valuations for the top solar stocks in this part of our series. First Solar (FSLR) stock is currently trading at a forward EV-to-EBITDA valuation of 7x.
Yingli Solar will announce its 3Q17 earnings results on December 6 before market hours. Since its 2Q17 earnings, its stock price has fallen nearly 13.1%.
Canadian Solar (CSIQ) reported its 3Q17 earnings results on November 9. CSIQ declared earnings per share of $0.22, slightly below the analyst consensus estimate of $0.26.
In 3Q17, Vivint Solar (VSLR) posted $34.7 million as its cost of revenue for its operating leases and incentives, higher than the $33.8 million in 2Q17 but lower than the $39.3 million in 3Q16.
SunPower (SPWR) revised its quarterly guidance in its latest filings. The company raised its 4Q17 non-GAAP (generally accepted accounting principles) revenue guidance from $320 million–$370 million to $800 million–$850 million.
SunPower (SPWR) retains certain assets on its balance sheet to optimize the economic value received at the time of sale. These assets are held under the company’s Holdco structure.
SunPower (SPWR) reports its revenue under the power plant, residential, and commercial segments. The latter two segments are together called the distributed generation segments.
SunPower (SPWR) announced its 3Q17 earnings before market hours on November 2. In this series, we’ll examine SunPower’s 3Q17 results in detail and compare the results with analysts’ estimates.
Stock performance so far Let’s compare First Solar’s (FSLR) and peers’ performance so far in 2017. Most solar energy stocks have performed well in 2017, except for Yingli Solar (YGE). As of September 26, 2017, FSLR stock had risen 44%. Performance in 2017 During the same period, Yingli Solar had lost 11.9%, and SunPower (SPWR) had […]
Debt profile As of December 31, 2016, First Solar (FSLR) had total debt of $188.4 million, lower than its debt of $289 million at the end of 2015. The company’s debt is denominated in various currencies, including the US dollar, Malaysian ringgit, and euros. Credit metrics With a net worth of over $5 billion and $555.8 […]
Pre-tax loss First Solar’s (FSLR) pretax loss in 2016 was $471.7 million, compared with a profit of $519.8 million in 2015. The loss could be attributed to the huge $729 million restructuring pre-tax charges faced by the company in the fourth quarter of 2016. Net loss in 2016 First Solar reported a net loss of $358.0 […]
Cost of sales First Solar’s (FSLR) Components segment saw its cost of sales rise 6% to $1.1 billion in fiscal 2016, from $1.0 billion in fiscal 2015. On the other hand, despite higher volumes, the Systems segment’s cost of sales fell 29% to $1.1 billion in fiscal 2016 from $1.6 billion in fiscal 2015. Overall, the company’s cost […]
Tesla (TSLA) is working to enable autonomous driving in its vehicles, an ambition that has pitted the company against Alphabet’s (GOOGL) Waymo, Uber, Ford (F), and General Motors (GM).
In 3Q16, Yingli Solar’s (YGE) consolidated revenue came in around $219 million. This means that the company’s revenue fell ~42% from $380 million in 2Q16.
SunPower expects to incur about $225 million–$275 million in restructuring charges as part of closing its Philippine-based Fab 2 manufacturing facility.
For 3Q16, analysts expect Yingli Solar to report a gross profit of about $31.0 million with a gross margin of about 12.4%, which is in line with the company’s gross margin guidance.
Analysts estimate that Yingli Solar (YGE) will report revenue of about $214.0 million in 3Q16. That’s almost a 39.0% fall on a YoY (year-over-year) basis.
Of the four analysts covering Yingli Solar (YGE) stock, one gave it a “buy” rating, one gave it a “hold” rating, and two gave it a “sell” rating as of November 30, 2016.
Yingli (or Yingli Solar) (YGE) is set to announce its 3Q16 earnings on December 8, 2016. In this series, we’ll look at analysts’ expectations for Yingli Solar’s 3Q16 earnings.
Trina Solar (TSL) had a total module shipment guidance of 1.55–1.65 GW (gigawatts) for 3Q16. However, it reported 1.36 GW of total solar (TAN) module shipments.
Trina Solar (TSL) announced its 3Q16 earnings results before market hours on November 23, 2016. In this series, we’ll take a look at the results and compare them with analysts’ expectations.
Canadian Solar (CSIQ) divides its utility-scale project pipeline into an early-to-mid-stage pipeline and a late-stage pipeline. It’s important to know the project pipeline due to the extension of the ITC.
Canadian Solar (CSIQ) had about $986.0 million in cash, cash equivalents, and restricted cash as of September 30, 2016, compared to $1.0 billion as of June 30, 2016.
Canadian Solar (CSIQ) had a shipments guidance of 1,200–1,350 MW (megawatts) for 3Q16. But the company reported 1,185 MW of solar (TAN) module shipments.
