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Drug Manufacturer Stocks Saw...

Shares of AbbVie Inc. (NYSE: ABBV) rose over 1.03% in early trading session...

Consumer Electronics Stocks In...

GoPro, Inc. (NASDAQ: GPRO) jumps down over 10.14% to $5.81 in early trading...

Solar Stocks Revamp Position...

Array Technologies (NASDAQ: ARRY) plunged over 1.24% to $19.97 in early trading session...

Semiconductor Stocks in Bearish...

Shares of ON Semiconductor Corp. (NASDAQ:ON) dropped over 1.5% in early trading session...
HomeTech InsidesFirst Solar, Inc....

First Solar, Inc. (NASDAQ: FSLR) Prepares for Optimistic Third Quarter Results

First Solar, Inc. (NASDAQ: FSLR) surges 1.85% to trade at $120.47 in early trading session as the firm plans to publish financial results for the third quarter on Thursday, October 27, 2022 after the market closes. The Company will have its quarterly conference call to discuss these results and its forecast for 2022. ET. This conference call will be broadcast live for investors.

Shares of the largest U.S. solar business had dropped 4.19% in the previous month, trailing the Oils-Energy sector’s loss of 2.93% but outperforming the S&P 500’s loss of 11.07%.

Investors will be eager for First Solar to show strength as it approaches its next earnings report. The firm is predicted to post earnings per share of -$0.24, a decrease of 157.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is $761.87 million, up 30.57% from the previous year.

First Solar is predicted to lose $0.24 per share in the upcoming quarter, reflecting a -157.1% year-over-year decline. The Zacks Consensus Estimate has stayed steady over the previous 30 days.

The average profits forecast of -$0.08 for the current fiscal year is a drop of -101.8% from the previous year. This estimate has changed by -27.8% in the previous 30 days.

The consensus earnings estimate of $2.36 for the upcoming fiscal year is a difference of +3,046.9% over what First Solar is anticipated to post a year ago. The estimate has changed by +32.6% in the last month.

The previously announced sale of a 293-megawatt (MW) DC utility-scale solar project development platform in Japan to funds controlled by PAG Real Assets has been finalized by First Solar, Inc. (NASDAQ: FSLR).

In the nation, the platform manages roughly 665 megawatts (MW)DC of solar assets. The bulk of First Solar O&M staff in Japan has joined PAG as part of the deal.

First Solar had earlier stated that it has entered into a formal agreement under which PAG would buy First Solar’s solar operations and maintenance (O&M) platform in Japan, which currently manages roughly 665 MWDC. This deal is scheduled to conclude in the second half of 2022, subject to regulatory approvals, third-party consents, and other normal closing conditions.

Drug Manufacturer Stocks Saw in Stress: AbbVie (NYSE: ABBV), Amgen (NASDAQ:AMGN), AstraZeneca (NASDAQ:AZN), Bristol-Myers Squibb (NYSE: BMY)

Shares of AbbVie Inc. (NYSE: ABBV) rose over 1.03% in early trading session on Friday as patients in the United States will be able...

Consumer Electronics Stocks In Action: GoPro, Inc. (NASDAQ: GPRO), Sonos, Inc. (NASDAQ: SONO), Sony Group Corp. (NYSE: SONY)

GoPro, Inc. (NASDAQ: GPRO) jumps down over 10.14% to $5.81 in early trading session on Friday as the firm announced financial results for its...

Solar Stocks Revamp Position in Street: Array Technologies (NASDAQ: ARRY), Sunrun Inc. (NASDAQ:RUN), Sunnova Energy International Inc. (NYSE: NOVA)

Array Technologies (NASDAQ: ARRY) plunged over 1.24% to $19.97 in early trading session on Friday as company was awarded a contract to supply solar...

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Solar Stocks Revamp Position in Street: Array Technologies (NASDAQ: ARRY), Sunrun Inc. (NASDAQ:RUN), Sunnova Energy International Inc. (NYSE: NOVA)

Array Technologies (NASDAQ: ARRY) plunged over 1.24% to $19.97 in early trading session on Friday as company was awarded a contract to supply solar trackers for the Glenrowan solar farm project, which is a key site for the Victorian...

Information Technology Stocks: C3 AI (NYSE: AI) Launch of C3 Generative AI, Aurora Innovation, Inc. (NASDAQ: AUR)

The Enterprise AI application software company, C3 AI (NYSE: AI) jumps over 3.78% to $22.50 in pre trading session as in last session jumped over 9.33% to settle at $21.68 after the official release of the first product in...

Automaker Struggling to Revamp Bearish Trend: Tesla Inc. (NASDAQ: TSLA), General Motors (NYSE:GM), Arrival (NASDAQ: ARVL)

Share of Tesla Inc. (NASDAQ: TSLA) rose around 4% in previous trading session as in order to enhance manufacturing of its 4680 cells, which are used in the batteries for electric cars and the Semi heavy-duty vehicle, Tesla Inc....

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