First Solar Inc
Change company Symbol lookup
Select an option...
FSLR First Solar Inc
SHOO Steven Madden Ltd
FISV Fiserv Inc
UFI Unifi Inc
SSTK Shutterstock Inc
CSGP CoStar Group Inc
OBELF Obsidian Energy Ltd
RCKY Rocky Brands Inc
HSBC HSBC Holdings PLC
MSFT Microsoft Corp
Go

Information Technology : Semiconductors & Semiconductor Equipment | Mid Cap Blend
Company profile

First Solar, Inc. is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures. It operates through two segments: components and systems. The components segment is engaged in the design, manufacture and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity. The systems segment includes the development, construction, operation and maintenance of PV solar power systems, which primarily use its solar modules. In addition, the Company provides operations and maintenance (O&M) services to system owners that use solar modules manufactured by it or by third-party manufacturers. The Company's solar modules had an average rated power per module of approximately 114 watts, as of December 31, 2016.

Closing Price
$82.39
Day's Change
-1.36 (-1.62%)
Bid
--
Ask
--
B/A Size
--
Day's High
84.51
Day's Low
81.45
Volume
(Heavy Day)
Volume:
3,841,677

10-day average volume:
3,004,517
3,841,677

Off-price retailers face near-term headwinds due to coronavirus: Wells Fargo

3:03 pm ET May 18, 2020 (MarketWatch)
Print

Off-price retail, which had been an analyst and consumer favorite before the coronavirus pandemic, is now facing near-term headwinds, Wells Fargo says. The off-price category includes T.J. Maxx parent TJX Cos. (TJX), Ross Stores Inc. (ROST) and Burlington Stores Inc. (BURL), which announced right before the nationwide stay-at-home orders that it would shut down its e-commerce site (http://www.marketwatch.com/story/burlington-stores-is-shutting-down-its-e-commerce-site-to-focus-on-bricks-and-mortar-stores-2020-03-05). "[I]nvestor conversations have turned much more cautious, as bears have begun to think more about the near-term issues and how challenging the next three-to-six months could be for off-price (lack of e-commerce, stores that rely on heavy traffic)," analysts led by Ike Boruchow wrote. Still, the category has benefits, including the "massive inventory dislocations" that the past months of apparel shopping decline will create. Retail sales fell 16.4% in April (http://www.marketwatch.com/story/retail-sales-crater-record-16-in-april-amid-coronavirus-lockdowns-and-spending-slump-2020-05-15) with sales plunging 79% at clothing stores. "While we remain very favorable on all three names into 2021, we highlight Burlington as the best way to play the space - best positioned from an inventory/liquidity standpoint, while their larger stores and less 'peak' traffic dynamics should make it easier to mitigate near-term comp challenges," Wells Fargo wrote. Wells Fargo rates all three companies overweight/buy with a $225 price target for Burlington, $110 price target for Ross Stores and $65 price target for T.J. Maxx. Burlington stock is up nearly 6% in Monday trading and up 7.5% over the past year. Ross shares have rallied 5.5% on Monday and are down 7.4% for the last 12 months. And TJX stock has gained 5% on Monday and is down 6.5% for the past year. The S&P 500 index is up 3.5% for the past 12 months.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 18, 2020 15:03 ET (19:03 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.