Next Move: First Solar To Report Earnings
Every trader and investor has seen the continual decline in the solar stocks in the past year. There is no other way to describe it than epic. Today, First Solar, Inc. (NASDAQ:FSLR) will report earnings. Analysts expect a profit of $0.48 per share. However, the market has priced in the whisper number of $0.29 per share. In addition, revenue and future guidance will be key to how the stock performs.
The chart has been hammered, hitting a new 52 week low today. Most retail and amateur investors would think the stock performance would indicate an ugly earnings report. While that may be the case, it is likely the market has already priced this in. It is never wise to trade earnings but First Solar does have a chance to move up on earnings based on current levels.