Bear Of The Day: First Solar (FSLR)

I hate to rain on the solar parade, but even the sunniest sector can cast a shadow—and right now, that shadow’s falling squarely on First Solar (FSLR). Once the golden child of American clean energy, FSLR has lately been looking less like a renewable rocket and more like a deflating weather balloon.Today’s Bear of the Day, First Solar is a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.The stock is currently a Zacks Rank #5 (Strong Sell). The reason for the unfavorable rank does not stem from growth expectations or anything like that. Rather, it’s because twelve analysts cut their expectations for the current year while eleven have done so for next year.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks