27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
- Oppenheimer analyst Colin Rusch reiterated an Outperform rating on First Solar, Inc. (NASDAQ:FSLR), raising the price target to $222 from $216.
- The analyst believes First Solar is well-positioned to capture a significant share within the U.S. solar market with a significantly advantaged cost profile as it realizes operating leverage.
- The analyst notes that the company has the potential to announce additional capacity that could drive accelerated growth through 2023.
- Accordingly, the analyst adjusted First Solar's estimates for seasonality and modeled incremental earnings leverage.
- With the backlog reaching 71.6 GW through 2029 and representing 40% of FY26-27 capacity, the company's future bookings would prioritize multiyear contracts and favorable pricing to maximize the value of current capacity plans. This will also improve revenue visibility.
- The company is also expected to benefit from additional project wins in emerging geographies, notably India and the Middle East.
- Based on the above, Colin raised EPS estimates for FY23 from $7.28 to $7.41. FY24 revenue estimate remains at $4.58 billion, while EPS goes to $12.36 from $11.99.
- Price Action: FSLR shares are trading lower by 9.71% at $181.33 on the last check Friday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!