First Solar Sees Strong Growth From Data Center Demand But Faces Policy Uncertainties: Analysts Opine On Q2 Performance

Quick Summary:

First Solar reported fiscal 2024 second-quarter revenue of $1 billion, above Goldman Sachs estimate and FactSet consensus of $969 million and $940 million, supported by ~3.4GW of shipments (vs.

Lee continues to anticipate policy uncertainties about the November presidential election to be an overhang on the stock in terms of headline risk; however, policy uncertainty in the U.S.tends to be a tailwind for First Solar and will likely be of heightened focus for investors over the coming quarters.

Looking ahead, the analyst said that First Solar remains in a position of strength to potentially benefit from ongoing uncertainties in the market and secular demand uplift from megatrends such as load growth primarily driven by data center demand.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Price Target Trading Ideas Top Stories Benzinga Expert Ideas Reiteration Analyst Ratings Stories That Matter Briefs FSLR US3364331070 Tech News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 18:25:29 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 816 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21875705

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 49 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions