First Solar Stock (NASDAQ:FSLR), Trade Ideas

First Solar

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

wall street subway shutter

Analyst Color

Large Cap

Macro Economic Events

Mid Cap

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Analyst Ratings

Tech

ETFs

SPDR Dow Jones Industrial Average ETF Trust

ENPH

FSLR

LEVI

MAGS

NKLA

TSLA

Select Sector SPDR-Consumer Discretionary

U.S. equities rallied on Thursday as investors expected slower labor market growth and potential rate cuts. AI-related stocks and major indices all saw gains.

S&amp;P 500, Nasdaq 100 Eye Record Close As Magnificent 7 Rally, Bitcoin Rebounds: What&#39;s Driving Markets Thursday?

Wind Farm

News

Sector ETFs

Emerging Market ETFs

Politics

Markets

General

CWEN

iShares S&P Global Clean Energy Index Fund

ICLN

California aims for 100% clean power by 2045, but recent data showed it&#39;s already reaching that goal for a few hours daily thanks to wind, water, and solar energy. In Germany, a similar milestone was achieved in 2018, when the entire grid was covered by renewable energy for the first time

2 Of The Top 5 World Economies Can Now Run 100% On Renewable Energy

Nvidia

Trading Ideas

AMAT

AVGO

CDNS

INTC

KLAC

LRCX

MCHP

MPWR

NVDA

NXPI

QCOM

QRVO

SWKS

Analysis of semiconductor and EDA stocks in S&amp;P 500 shows declining trend in relative weighting, with Nvidia having high ownership but still underweighted.

Nvidia Tops in Popularity Among S&amp;P 500 Semiconductor Stocks, Analyst Sees Room for Growth

First Solar Inc

<p>Financial giants have made a conspicuous bullish move on First Solar. Our analysis of options history for First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) revealed 18 unusual trades.</p>
<p>Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $746,629, and 5 were calls, valued at $273,065.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $220.0 for First Solar during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for First Solar's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of First Solar's whale activity within a strike price range from $145.0 to $220.0 in the last 30 days. </p>
<h3>First Solar Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713547890_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.05</td>
<td>$12.0</td>
<td>$12.0</td>
<td>$145.00</td>
<td>$192.0K</td>
<td>5.2K</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$31.55</td>
<td>$28.55</td>
<td>$30.05</td>
<td>$185.00</td>
<td>$150.2K</td>
<td>2.6K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$4.7</td>
<td>$4.25</td>
<td>$4.55</td>
<td>$180.00</td>
<td>$125.5K</td>
<td>1.5K</td>
<td style="text-align: right;">135</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$33.1</td>
<td>$31.1</td>
<td>$32.35</td>
<td>$180.00</td>
<td>$64.7K</td>
<td>2.0K</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$4.65</td>
<td>$3.85</td>
<td>$4.65</td>
<td>$180.00</td>
<td>$53.4K</td>
<td>1.5K</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>
</p>
<h3>About First Solar</h3>
<p>First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.</p>
<p>In light of the recent options history for First Solar, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Where Is First Solar Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,305,876, the price of FSLR is up by 1.77%, reaching $177.38.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 12 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for First Solar</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $234.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on First Solar with a target price of $269. </li>
<li>An analyst from Barclays has decided to maintain their Overweight rating on First Solar, which currently sits at a price target of $227. </li>
<li>In a cautious move, an analyst from Roth MKM downgraded its rating to Buy, setting a price target of $230. </li>
<li>In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $250. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on First Solar, which currently sits at a price target of $194. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest First Solar options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

First Solar Unusual Options Activity For April 19

<p>Barclays  analyst Christine Cho   maintains First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Overweight and raises the price target from $224 to $227.</p>


Price Target

Barclays Maintains Overweight on First Solar, Raises Price Target to $227

WIIM

First Solar shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $187 to $250.

<p>Wells Fargo  analyst Michael Blum   upgrades First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from Equal-Weight to Overweight and raises the price target from $187 to $250.</p>


Upgrades

Wells Fargo Upgrades First Solar to Overweight, Raises Price Target to $250

<p>Roth MKM  analyst Philip Shen   reiterates First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Buy and maintains $230 price target.</p>


Reiteration

Roth MKM Reiterates Buy on First Solar, Maintains $230 Price Target

First Solar shares are trading higher on reports indicating Biden is expected to remove tariff exemption for bifacial solar panel imports.

<p>The Biden administration is expected to grant a request by South Korea&rsquo;s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday.</p>
<p>&nbsp;</p>
<p>The request, which has not previously been reported, comes as Qcells is seeking to protect a pledged $2.5 billion expansion of its U.S. solar manufacturing presence against competition from cheaper Asian-made products.</p>
<p>&nbsp;</p>
<p>The solar division of Korean conglomerate Hanwha Corp <a dir="ltr" href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=000880.KS" tabindex="-1">000880.KS</a> outlined the request in a formal petition to the U.S. Trade Representative on Feb. 23. It included letters of support from seven other companies with billions of dollars combined invested in U.S. solar factories.</p>
<p>&nbsp;</p>
<p>No decision has been made on the timeline of the expected reversal, the sources said.</p>
<p>&nbsp;</p>
<p>Duties on imports of bifacial panels, the main technology in utility-scale solar projects, would be a boon to the more than 40 solar equipment factories planned since U.S. President Joe Biden signed his landmark climate change law, the Inflation Reduction Act, in 2022.</p>
<p>&nbsp;</p>
<p>Those plants are critical to Biden&#39;s plan to fight climate change, revitalize American manufacturing and create millions of union jobs.</p>
<p>&nbsp;</p>
<p>Past trade remedies have sharply divided the U.S. solar industry, which is dominated by installers and developers who rely on cheap imports to keep their project costs low.</p>
<p>&nbsp;</p>
<p>The top U.S. solar trade group, the Solar Energy Industries Association, lobbied for the bifacial exemption. SEIA was not immediately available for comment.</p>
<p>&nbsp;</p>
<p>Biden administration officials, including <a dir="ltr" href="reuters://REALTIME/verb=NewsStory/ric=nL2N3GI2GW" tabindex="-1">Treasury Secretary Janet Yellen</a> and <a dir="ltr" href="reuters://REALTIME/verb=NewsStory/ric=nL2N3GO37W" tabindex="-1">U.S. Trade Representative Katherine Tai</a>, in recent weeks have said the U.S. is evaluating trade remedies to deal with threats posed by China&#39;s massive investment in factory capacity for clean energy goods.</p>
<p>&nbsp;</p>
<p>Qcells, which has two factories in Georgia, is the largest U.S. producer of silicon-based solar products.</p>
<p>&nbsp;</p>
<p>In its petition, a copy of which was seen by Reuters, the company asked Biden to revoke an exemption of so-called bifacial panels from duties first imposed by Republican former President Donald Trump in 2018 and extended by Biden, a Democrat, in 2022.</p>
<p>&nbsp;</p>
<p>The tariffs on imported modules started at 30% and currently stand at 14.25%. They are due to expire in 2026.</p>


Global

SEDG

SPWR

'President Biden Expected To Remove Tariff Exemption For Bifacial Solar Panel Imports; No Timeline Set For Removal Of U.S. Bifacial Solar Panel Tariff Exemption' - Reuters News

<p>DZ Bank  analyst Markus Leistner   initiates coverage on First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Buy rating and announces Price Target of $205.</p>


Initiation

DZ Bank Initiates Coverage On First Solar with Buy Rating, Announces Price Target of $205

<p>Oppenheimer  analyst Colin Rusch   maintains First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Outperform and maintains $269 price target.</p>


Oppenheimer Maintains Outperform on First Solar, Maintains $269 Price Target

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>First Solar</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FSLR, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 10 options trades for First Solar.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.</p>
<p>Out of all of the options we uncovered, 9 are puts, for a total amount of $9,547,389, and there was 1 call, for a total amount of $122,396.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $195.0 for First Solar over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in First Solar's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to First Solar's substantial trades, within a strike price spectrum from $145.0 to $195.0 over the preceding 30 days.</p>
<h3>First Solar Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713280581_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.35</td>
<td>$14.6</td>
<td>$14.8</td>
<td>$150.00</td>
<td>$4.4M</td>
<td>2.3K</td>
<td>102</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$15.8</td>
<td>$14.9</td>
<td>$15.1</td>
<td>$165.00</td>
<td>$4.3M</td>
<td>1.5K</td>
<td>116</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$5.25</td>
<td>$4.75</td>
<td>$4.8</td>
<td>$145.00</td>
<td>$468.0K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$11.35</td>
<td>$11.3</td>
<td>$11.35</td>
<td>$162.50</td>
<td>$122.3K</td>
<td>196</td>
<td>0</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$24.95</td>
<td>$24.7</td>
<td>$24.9</td>
<td>$195.00</td>
<td>$117.0K</td>
<td>43</td>
<td>0</td>
</tr>
</tbody>
</table>
</p>
<h3>About First Solar</h3>
<p>First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.</p>
<p>Having examined the options trading patterns of First Solar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of First Solar</h3>
<ul>
<li>Currently trading with a volume of 695,543, the FSLR's price is down by -1.47%, now at $173.37. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 15 days.</li>
</ul>
<h3>Expert Opinions on First Solar</h3>
<p>3 market experts have recently issued ratings for this stock, with a consensus target price of $229.33333333333334.</p>
<ul>
<li>An analyst from B of A Securities persists with their Buy rating on First Solar, maintaining a target price of $194. </li>
<li>In a cautious move, an analyst from Janney Montgomery Scott downgraded its rating to Buy, setting a price target of $236. </li>
<li>An analyst from Susquehanna persists with their Positive rating on First Solar, maintaining a target price of $258. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest First Solar options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Unpacking the Latest Options Trading Trends in First Solar

<p>Janney Montgomery Scott  analyst Sean Milligan   initiates coverage on First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Buy rating and announces Price Target of $236.</p>


Janney Montgomery Scott Initiates Coverage On First Solar with Buy Rating, Announces Price Target of $236

<p>Deep-pocketed investors have adopted a bullish approach towards First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FSLR usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for First Solar. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 2 are puts, totaling $55,700, and 10 are calls, amounting to $555,110.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.0 to $250.0 for First Solar during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for First Solar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across First Solar's significant trades, within a strike price range of $170.0 to $250.0, over the past month.</p>
<h3>First Solar 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712781044_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$2.8</td>
<td>$2.67</td>
<td>$2.8</td>
<td>$195.00</td>
<td>$138.6K</td>
<td style="text-align: right;">97</td>
<td style="text-align: right;">194</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$9.0</td>
<td>$8.65</td>
<td>$9.0</td>
<td>$190.00</td>
<td>$99.9K</td>
<td style="text-align: right;">338</td>
<td style="text-align: right;">111</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$8.9</td>
<td>$8.85</td>
<td>$8.9</td>
<td>$190.00</td>
<td>$74.7K</td>
<td style="text-align: right;">338</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$15.55</td>
<td>$15.25</td>
<td>$15.55</td>
<td>$170.00</td>
<td>$46.6K</td>
<td style="text-align: right;">863</td>
<td style="text-align: right;">32</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$8.45</td>
<td>$8.4</td>
<td>$8.4</td>
<td>$190.00</td>
<td>$42.8K</td>
<td style="text-align: right;">338</td>
<td style="text-align: right;">355</td>
</tr>
</tbody>
</table>
</p>
<h3>About First Solar</h3>
<p>First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.</p>
<p>In light of the recent options history for First Solar, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of First Solar</h3>
<ul>
<li>With a trading volume of 2,012,097, the price of FSLR is down by -0.43%, reaching $183.9.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 21 days from now.</li>
</ul>
<h3>What The Experts Say On First Solar</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $226.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on First Solar with a target price of $258. </li>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for First Solar, targeting a price of $194. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for First Solar with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Check Out What Whales Are Doing With FSLR

<p>B of A Securities  analyst Julien Dumoulin-Smith   maintains First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Buy and raises the price target from $187 to $194.</p>


B of A Securities Maintains Buy on First Solar, Raises Price Target to $194

<p>Deep-pocketed investors have adopted a bearish approach towards First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FSLR usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 25 extraordinary options activities for First Solar. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 10 are puts, totaling $2,671,489, and 15 are calls, amounting to $3,680,108.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $280.0 for First Solar over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for First Solar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across First Solar's significant trades, within a strike price range of $145.0 to $280.0, over the past month.</p>
<h3>First Solar Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712605551_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$34.0</td>
<td>$33.65</td>
<td>$34.0</td>
<td>$145.00</td>
<td>$3.2M</td>
<td>1.4K</td>
<td>62</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.15</td>
<td>$17.45</td>
<td>$17.55</td>
<td>$160.00</td>
<td>$995.0K</td>
<td>6.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$37.65</td>
<td>$35.1</td>
<td>$37.35</td>
<td>$195.00</td>
<td>$717.1K</td>
<td>887</td>
<td>3</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$17.6</td>
<td>$17.35</td>
<td>$17.6</td>
<td>$160.00</td>
<td>$654.7K</td>
<td>6.6K</td>
<td>400</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$185.00</td>
<td>$77.3K</td>
<td>3.1K</td>
<td>314</td>
</tr>
</tbody>
</table>
</p>
<h3>About First Solar</h3>
<p>First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.</p>
<p>After a thorough review of the options trading surrounding First Solar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>First Solar's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,640,273, the price of FSLR is up by 1.21%, reaching $176.71.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 23 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for First Solar</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $258.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on First Solar with a target price of $258. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for First Solar, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Looking At First Solar's Recent Unusual Options Activity

<p>Susquehanna  analyst Biju Perincheril   maintains First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Positive and maintains $258 price target.</p>


Susquehanna Maintains Positive on First Solar, Maintains $258 Price Target

<p>Thursday saw U.S. equities embracing a risk-on sentiment, with major averages all showing gains as investors anticipated a potentially slowing labor market pace in March, which could bolster the case for rate cuts starting in June.</p>
<p>Data released this morning revealed a surge in last week&#8217;s unemployment claims, exceeding predictions at 221,000 compared to the expected 214,000. Economists anticipate a moderation in nonfarm payrolls from 274,000 in February to 200,000 in March, along with a further easing in average hourly earnings growth from 4.3% <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38095071/march-jobs-report-preview-could-fridays-data-steer-the-fed-toward-rate-cuts">to 4.1% year-on-year.</a></p>
<p>At midday trading in New York, the S&amp;P 500 surged by 0.8% to 5,250 points, poised to achieve a record-high close. Similarly, the Nasdaq 100 rose by 1% to 18,350 points, also on track for a record closing. All S&amp;P 500 sectors traded in the green. </p>
<p>AI-related stocks outperformed, evidenced by the <strong>Global X Artificial Intelligence &amp; Technology ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NYSE">AIQ</a>) climbing 1.3% to reach fresh all-time highs. </p>
<p><strong>Magnificent Seven</strong> witnessed the strongest session in nearly a month, as the <strong>Roundhill Magnificent Seven ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) rallied 1.7%, buoyed by robust gains from <strong>Meta Platforms Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and <strong>Tesla</strong> <strong>Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). </p>
<p><strong>Gold </strong>paused for a breather, down 0.5%, after hitting $2,300/oz. overnight, while <strong>Bitcoin</strong> rebounded by 2.9%, on track for the best session in more than a week.</p>
<h1 class="wp-block-heading"><strong>Thursday&#8217;s Performance In Major U.S. Indices, ETFs</strong></h1>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Major Indices</strong></td>
<td><strong>Price</strong></td>
<td><strong>1-day %chg</strong></td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,350.04</td>
<td>1.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,092.88</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,252.37</td>
<td>0.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,318.12</td>
<td>0.5%</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<p>The&nbsp;<strong>SPDR S&amp;P 500 ETF Trust</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.8% higher to $523.50, the&nbsp;<strong>SPDR Dow Jones Industrial Average</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was 0.5% higher to $393.11 and the tech-heavy&nbsp;<strong>Invesco QQQ Trust</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was 1.1% higher to $446.84, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;</p>
<p>Sector-wise, the <strong>Consumer Discretionary</strong> <strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and the<strong> Technology Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.1%, while the <strong>Health Care Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) was the laggard, up 0.1%.</p>
<h1 class="wp-block-heading"><strong>Thursday&#8217;s Stock Movers</strong></h1>
<ul>
<li>Solar stocks rallied Thursday, with the <strong>Invesco Solar ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) up over 3%. Industry heavyweight <strong>First Solar Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) and <strong>Enphase Energy Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) were up 5.8% and 6.5%, respectively, representing the top performers in the S&amp;P 500 index for the day.</li>
<li><strong>Lamb Weston Holdings Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) fell over 18% as the company missed both earnings and revenue projections last quarter. </li>
<li>Other companies reacting to earnings were <strong>Levi Strauss &amp; Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>), up 16%, <strong>RPM International Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) down 5.4%, <strong>BlackBerry Ltd</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) up 10%, <strong>ConAgra Brands Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), up 5.5%. </li>
<li><strong>Nikola Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) rose by 12% after the company produced 43 hydrogen-electric trucks in the first quarter, surpassing the production level for all of 2023 in a single quarter.  </li>
</ul>
<p><em>Read Now:</em> <em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38091433/ai-revolution-is-underway-yet-its-economic-impact-is-several-years-off-goldman-sach">AI Revolution Is Underway, Yet Its Economic Impact Is &#8216;Several Years Off&#8217;: Goldman Sachs</a></em></p>
<p><em>Photo: Kametaro via Shutterstock</em></p>


S&P 500, Nasdaq 100 Eye Record Close As Magnificent 7 Rally, Bitcoin Rebounds: What's Driving Markets Thursday?

Shares of solar stocks are trading lower. Movement appears related to overall market weakness.

<p>Deep-pocketed investors have adopted a bearish approach towards First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FSLR usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for First Solar. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 47% leaning bullish and 52% bearish. Among these notable options, 3 are puts, totaling $3,176,085, and 14 are calls, amounting to $551,927.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $280.0 for First Solar over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for First Solar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across First Solar's significant trades, within a strike price range of $140.0 to $280.0, over the past month.</p>
<h3>First Solar 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712066455_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.8</td>
<td>$7.0</td>
<td>$7.05</td>
<td>$140.00</td>
<td>$1.9M</td>
<td>2.9K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$4.85</td>
<td>$3.8</td>
<td>$4.2</td>
<td>$140.00</td>
<td>$1.2M</td>
<td>2.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$19.05</td>
<td>$15.15</td>
<td>$17.45</td>
<td>$280.00</td>
<td>$52.3K</td>
<td>558</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$19.05</td>
<td>$15.15</td>
<td>$17.3</td>
<td>$280.00</td>
<td>$51.9K</td>
<td>558</td>
<td style="text-align: right;">137</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$15.85</td>
<td>$14.4</td>
<td>$15.8</td>
<td>$250.00</td>
<td>$47.4K</td>
<td>1.0K</td>
<td style="text-align: right;">124</td>
</tr>
</tbody>
</table>
</p>
<h3>About First Solar</h3>
<p>First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.</p>
<p>After a thorough review of the options trading surrounding First Solar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of First Solar</h3>
<ul>
<li>Trading volume stands at 156,780, with FSLR's price down by -1.44%, positioned at $169.4.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 23 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for First Solar, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


<p>This whale alert can help traders discover the next big trading opportunities.</p>
<p>Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.</p>
<p>Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. </p>
<p>Below are some instances of options activity happening in the Information Technology sector:<br />
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$185.00</td>
<td>$34.3K</td>
<td>8.9K</td>
<td>45.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$170.00</td>
<td>$39.7K</td>
<td>9.7K</td>
<td>37.5K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$130.00</td>
<td>$28.1K</td>
<td>3.2K</td>
<td>35.5K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$900.00</td>
<td>$258.1K</td>
<td>7.8K</td>
<td>24.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$1100.00</td>
<td>$26.1K</td>
<td>1.1K</td>
<td>7.3K</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$800.00</td>
<td>$87.3K</td>
<td>311</td>
<td>3.0K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$106.5K</td>
<td>14.6K</td>
<td>2.5K</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$550.00</td>
<td>$147.5K</td>
<td>5.2K</td>
<td>1.8K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$170.00</td>
<td>$137.3K</td>
<td>2.9K</td>
<td>1.7K</td>
</tr>
<tr>
<td>ZS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$165.00</td>
<td>$840.0K</td>
<td>36</td>
<td>1.0K</td>
</tr>
</tbody>
</table>
</p>
<h2>Explanation</h2>
<p>These bullet-by-bullet explanations have been constructed using the accompanying table.  </p>
<p>•  For <strong>AMD</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a <strong>call</strong> option <strong>sweep</strong> that happens to be <strong>bearish</strong>, expiring in 4 day(s) on <strong>April 5, 2024</strong>. This event was a transfer of <strong>104</strong> contract(s) at a <strong>$185.00</strong> strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$34.3K</strong>, with a price of <strong>$330.0</strong> per contract. There were <strong>8955</strong> open contracts at this strike prior to today, and today <strong>45306</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>AAPL</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a <strong>call</strong> option <strong>sweep</strong> that happens to be <strong>bullish</strong>, expiring in 4 day(s) on <strong>April 5, 2024</strong>. This event was a transfer of <strong>253</strong> contract(s) at a <strong>$170.00</strong> strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$39.7K</strong>, with a price of <strong>$157.0</strong> per contract. There were <strong>9713</strong> open contracts at this strike prior to today, and today <strong>37533</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>MU</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bearish</strong> sentiment. It expires in 4 day(s) on <strong>April 5, 2024</strong>. Parties traded <strong>390</strong> contract(s) at a <strong>$130.00</strong> strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$28.1K</strong>, with a price of <strong>$72.0</strong> per contract. There were <strong>3298</strong> open contracts at this strike prior to today, and today <strong>35584</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>NVDA</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a <strong>call</strong> option <strong>trade</strong> that happens to be <strong>bullish</strong>, expiring in 4 day(s) on <strong>April 5, 2024</strong>. This event was a transfer of <strong>148</strong> contract(s) at a <strong>$900.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$258.1K</strong>, with a price of <strong>$1744.0</strong> per contract. There were <strong>7818</strong> open contracts at this strike prior to today, and today <strong>24468</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>SMCI</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a <strong>call</strong> option <strong>trade</strong> with <strong>bullish</strong> sentiment. It expires in 4 day(s) on <strong>April 5, 2024</strong>. Parties traded <strong>18</strong> contract(s) at a <strong>$1100.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$26.1K</strong>, with a price of <strong>$1450.0</strong> per contract. There were <strong>1112</strong> open contracts at this strike prior to today, and today <strong>7312</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>NOW</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bullish</strong> sentiment. It expires in 4 day(s) on <strong>April 5, 2024</strong>. Parties traded <strong>402</strong> contract(s) at a <strong>$800.00</strong> strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$87.3K</strong>, with a price of <strong>$215.0</strong> per contract. There were <strong>311</strong> open contracts at this strike prior to today, and today <strong>3001</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>RIOT</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a <strong>call</strong> option <strong>sweep</strong> that happens to be <strong>bearish</strong>, expiring in 291 day(s) on <strong>January 17, 2025</strong>. This event was a transfer of <strong>402</strong> contract(s) at a <strong>$20.00</strong> strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$106.5K</strong>, with a price of <strong>$265.0</strong> per contract. There were <strong>14653</strong> open contracts at this strike prior to today, and today <strong>2564</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>ADBE</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we notice a <strong>call</strong> option <strong>sweep</strong> that happens to be <strong>neutral</strong>, expiring in 81 day(s) on <strong>June 21, 2024</strong>. This event was a transfer of <strong>100</strong> contract(s) at a <strong>$550.00</strong> strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$147.5K</strong>, with a price of <strong>$1475.0</strong> per contract. There were <strong>5251</strong> open contracts at this strike prior to today, and today <strong>1885</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>FSLR</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bullish</strong> sentiment. It expires in 18 day(s) on <strong>April 19, 2024</strong>. Parties traded <strong>187</strong> contract(s) at a <strong>$170.00</strong> strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$137.3K</strong>, with a price of <strong>$740.0</strong> per contract. There were <strong>2936</strong> open contracts at this strike prior to today, and today <strong>1766</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>ZS</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), we observe a <strong>put</strong> option <strong>trade</strong> with <strong>neutral</strong> sentiment. It expires in 137 day(s) on <strong>August 16, 2024</strong>. Parties traded <strong>1000</strong> contract(s) at a <strong>$165.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$840.0K</strong>, with a price of <strong>$840.0</strong> per contract. There were <strong>36</strong> open contracts at this strike prior to today, and today <strong>1000</strong> contract(s) were bought and sold. </p>
<p><strong>Options Alert Terminology</strong><br />
 - <strong>Call Contracts:</strong> The right to buy shares as indicated in the contract.<br />
 - <strong>Put Contracts:</strong> The right to sell shares as indicated in the contract.<br />
 - <strong>Expiration Date:</strong> When the contract expires. One must act on the contract by this date if one wants to use it.<br />
 - <strong>Premium/Option Price:</strong> The price of the contract.  </p>
<p>For more information, visit our <em><a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a></em> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>.  </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


AAPL

ADBE

RIOT

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

<p>First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) has outperformed the market over the past 5 years by 12.1% on an annualized basis producing an average annual return of 24.79%. Currently, First Solar has a market capitalization of $18.20 billion. </p>
<p><strong>Buying $1000 In FSLR:</strong> If an investor had bought $1000 of FSLR stock 5 years ago, it would be worth <strong>$3,075.93</strong> today based on a price of $170.34 for FSLR at the time of writing.</p>
<h3>First Solar's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711980025_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $1000 In This Stock 5 Years Ago, You Would Have $3,100 Today

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The global energy market was <a href="https://straitsresearch.com/report/renewable-energy-market#:~:text=Market%20Overview,period%20(2024%E2%80%932032).">valued</a> at $1 trillion in 2023, and it is projected to reach $2.45 trillion in 2032. This represents a CAGR of 9.47% through 2032. Similarly the clean and renewable energy market was valued at $219 billion in 2021 and is predicted to reach $1.45 trillion by 2030. Meaning the sector is forecast to experience a staggering <a href="https://www.nextmsc.com/report/clean-and-renewable-energy-market#:~:text=The%20Clean%20and%20Renewable%20Energy,have%20a%20low%20carbon%20footprint.">CAGR of 23.6%</a>. Additionally, the clean energy industry will be worth over 50% of the total energy industry by 2030. If you invest in these three renewable <a href="https://investorplace.com/industries/energy/">energy stocks</a> to buy now, you will profit as they will grow even more rapidly than the industry will.</p>



<h2>NextEra Energy (NEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/nee-stock-300x169.jpg" alt="The NextEra Energy (NEE) logo is displayed on a smartphone screen."><div>Source: IgorGolovniov/Shutterstock.com</div></div><p><strong>NextEra Energy </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nee-stock-quote/"><strong>NEE</strong></a></span>) generates clean, emissions-free electricity from seven commercial nuclear power plants in Florida, New Hampshire and Wisconsin. It&rsquo;s also known as the largest producer of both solar and wind energy. And, NextEra owns and operates generating plants powered by natural gas.</p>



<p>NEE showed financial growth in revenue. During <a href="https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/news-and-events/events-and-presentations/2024/01-25-24/2024-0125%20NEEQ42023News%20Release%20Final.pdf">Q4 2023</a>, its net income of $1.21 billion and diluted EPS of 58 cents did not show growth. However its revenue of $6.88 billion was an increase of 11.58% year-over-year (YOY).&nbsp;</p>



<p>Recently, the green energy sector has been growing rapidly due to corporations&rsquo; concern over climate change. It has also been revealed that more than <a href="https://www.iea.org/reports/world-energy-investment-2023/overview-and-key-findings">$1.7 trillion</a> was spent worldwide on clean energy. NextEra Energy is poised for a successful year as the largest solar and wind energy producer.</p>



<h2>First Solar (FSLR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/fslr-stock-1-300x169.jpg" alt="First Solar logo on smartphone in front of computer screen with graphs. FSLR stock"><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>First Solar </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/fslr-stock-quote/"><strong>FSLR</strong></a></span>)<strong> </strong>is a leading solar technology company that provides photovoltaic (PV) solar solutions using its advanced technology. FSLR operates internationally and has a current market share of <a href="https://csimarket.com/stocks/compet_glance.php?code=FSLR">12.87%</a>.&nbsp;</p>



<p>Profits have been rising consistently, with a record-breaking <a href="https://finance.yahoo.com/quote/FSLR">$830 million</a> in 2023. It has a profit margin of <a href="https://finance.yahoo.com/quote/FSLR/key-statistics">25.03%</a>, which is in line with the average profit margin in the solar power space. However, company growth is impressive, with a YOY quarterly growth rate of 15.60%. Additionally, its MRQ debt/equity is only 9.34%, significantly lower than the sector average of 60-70%.</p>



<p>The company has recently been making capital-intensive decisions, such as opening a <a href="https://investor.firstsolar.com/news/news-details/2024/First-Solar-Inaugurates-3.3-GW-Manufacturing-Facility-in-India/default.aspx">3.3 gigawatt manufacturing factory in India</a>. These expansions help the local economy and FSLR primarily by lowering manufacturing costs and increasing capacity.</p>



<p>Investor confidence in FSLR is relatively high, with multiple bulge brackets listing it as a &ldquo;Buy,&rdquo; &ldquo;Positive,&rdquo; or &ldquo;Outperform&rdquo; stock. This, combined with increased manufacturing capacity and excellent financials, makes FSLR one of the <a href="https://investorplace.com/industries/energy/renewable-energy/">renewable energy stocks</a> to buy now.</p>



<h2>Canadian Solar (CSIQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/csiq-stock-1-300x169.jpg" alt="A Canadian Solar (CSIQ) display booth at a convention in Bangkok, Thailand."><div>Source: Shutter B Photo / Shutterstock.com</div></div><p><strong>Canadian Solar</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/csiq-stock-quote/"><strong>CSIQ</strong></a></span>) is a renewable energy company specializing in manufacturing solar PV modules and operating large-scale solar projects.</p>



<p>CSIQ&rsquo;s revenue in Q4 2023 was $7.6 trillion, a <a href="https://seekingalpha.com/symbol/CSIQ/growth">revenue growth</a> of 10.93%. EBITDA growth was also impressive at 26.64%. And, the company&rsquo;s EBIT Margin showed promise at 5.95%. Overall, the financials depict CSIQ as a profitable company projected to grow in both the short and long-term, making it an excellent example among renewable energy stocks to buy now.&nbsp;</p>



<p>CSIQ&rsquo;s strength lies in its manufacturing, which is based solely in China. China is a leader in manufacturing PV systems and, thus, is an ideal location for Canadian Solar. CSIQ&rsquo;s peers primarily manufacture in the U.S. and Europe, which comes at a higher expense. Furthermore, Canadian Solar has 3 avenues of revenue, allowing it to diversify its operations. These include project development, battery storage and solar modules, giving it an edge over competitors offering only one product.</p>



<p><em>On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>



<p><em>The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Michael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/04/3-renewable-energy-stocks-to-buy-now-q2-edition/">3 Renewable Energy Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Renewable Energy Stocks to Buy Now: Q2 Edition

Analysts have been eager to weigh in on the Technology sector with new ratings on International Business Machines (IBM – Research Report), Microsof...

Analysts Offer Insights on Technology Companies: International Business Machines (IBM), Microsoft (MSFT) and First Solar (FSLR)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Taiwan Semiconductor Manufacturing (TSM – Research R...

Analysts Offer Insights on Technology Companies: Taiwan Semiconductor Manufacturing (TSM), Flex (FLEX) and First Solar (FSLR)

First Solar upgraded at Wells Fargo on relative stability, potential catalysts

Goldman picks top capex and R&D stocks

Earth Day is here but green energy ETFs have struggled in 2024

Goldman's debt issuers stocks basket

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Amid escalating geopolitical flashpoints, a clear lesson is emerging for western economies, which may lead to a renaissance for alternative <a href="https://investorplace.com/industries/energy/">energy stocks</a>. The world continues to run on hydrocarbons and that might not change in the foreseeable future. Still, potential disruptions force a discussion for backup plans.</p>



<p>Currently, tensions in the Middle East have resulted in two nations exchanging missile attacks. For now, both sides appear to want to cool the temperature. Nevertheless, a miscalculation could send the situation spiraling out of control. Combine this matter with the military conflict in Europe and oil supply chains &ndash; particularly to western nations &ndash; could be compromised.</p>



<p>Granted, circumstances won&rsquo;t change overnight. However, the flashpoints across multiple regions in the world gave as loud of a wake-up call as possible. With that, below are alternative energy stocks to consider.</p>



<h2>NextEra Energy (NEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/nee-stock-300x169.jpg" alt="The NextEra Energy (NEE) logo is displayed on a smartphone screen."><div>Source: IgorGolovniov/Shutterstock.com</div></div><p>One of the top players among alternative energy stocks, <strong>NextEra Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/"><strong>NEE</strong></a>) generates, transmits, distributes and sells electric power to retail and wholesale customers in North America. Per its <a href="https://finance.yahoo.com/quote/NEE/profile">public profile</a>, the company generates electricity through wind, solar, nuclear, natural gas and other clean energy. Since the start of the year, NEE stock gained more than 4%.</p>



<p>To be upfront, NEE has been a volatile idea. In the past 52 weeks, shares slipped more than 18%. However, after hitting a near-term bottom in October last year, NEE has been attempting a comeback. Financially, what&rsquo;s appealing here is the consistency of performance. In fiscal 2023, the company achieved an average positive earnings surprise of 9.5%.</p>



<p>For the current fiscal year, experts are seeking earnings per share of $3.40. That&rsquo;s up solidly from last year&rsquo;s result of $3.17. However, the revenue target is a bit tricky, with an average view of $27.76 billion below 2023&rsquo;s print of $28.11 billion. Still, the high-side target calls for $30.73 billion. It&rsquo;s one of the alternative energy stocks to keep on your radar.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p>An important but perhaps somewhat controversial inclusion in this list of alternative energy stocks, <strong>Cameco</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a>) provides uranium for electricity generation. It operates through multiple segments, with its mainline uranium unit involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. It also features a fuel unit that engages in the refining and fabrication of the commodity.</p>



<p>While nuclear energy sometimes has a rough reputation, the rising energy demands of new technologies such as artificial intelligence means that we can&rsquo;t ignore uranium. Nothing truly features the extraordinary energy density of nuclear fuel. Further, the disruption in the uranium space has made CCJ attractive as long-term speculation.</p>



<p>For the current fiscal year, experts are looking for EPS of 89 cents. That&rsquo;s a big improvement over last year&rsquo;s print of 57 cents. On the top line, revenue could clock in at $2.22 billion, up a robust 18% from 2023&rsquo;s tally of $1.88 billion. It&rsquo;s an unignorable component of alternative energy stocks to buy.</p>



<h2>Ormat Technologies (ORA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1772236982-300x169.png" alt="Storage tanks and pipelines of an Ormat Technologies (OAR) Geothermal Power Station in Wairakei, New Zealand."><div>Source: riekephotos / Shutterstock.com</div></div><p>One of the challenges of pure-play alternative energy stocks tied to the renewable ecosystem is intermittency. Basically, the sun doesn&rsquo;t shine 24/7/365, nor does the wind blow perpetually. During the downtime, that&rsquo;s a lot of utility that goes begging. That&rsquo;s where <strong>Ormat Technologies</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ora-stock-quote/"><strong>ORA</strong></a>) comes into the picture.</p>



<p>As a specialist in geothermal energy, it could potentially address the intermittency problem. <a href="https://www.energy.gov/eere/geothermal/geothermal-basics">Geothermal is exactly what it sounds like</a> &mdash; extracting energy from the earth&rsquo;s core. It&rsquo;s sustainable, renewable and doesn&rsquo;t involve building ugly wind turbines that could impact wildlife. Notably, the company is a strong financial performer. Last fiscal year, it posted an average positive earnings surprise of 22.58%.</p>



<p>For fiscal 2024, covering experts believe EPS could reach $2.13. That&rsquo;s a modest improvement over last year&rsquo;s result of $2.08. On the other hand, the top line may rise to $888.2 million, up 7.1% from 2023&rsquo;s tally of $829.42 million.</p>



<p>Interestingly, the following year&rsquo;s most optimistic sales target calls for $1.04 billion. Thus, some patience could go a long way.</p>



<h2>First Solar (FSLR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/fslr1600-300x169.png" alt="Person holding smartphone with logo of US renewable energy company First Solar Inc. (FSLR) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>A solar technology company, <strong>First Solar</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fslr-stock-quote/"><strong>FSLR</strong></a>) provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile and internationally. <a href="https://finance.yahoo.com/quote/FSLR/profile">Per its public profile</a>, 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.</p>



<p>To be sure, FSLR stock presents a high-risk, high-reward profile. Last year, shares stumbled noticeably as the pressures associated with elevated inflation and borrowing costs impeded sentiment. However, if broader conditions cooperate moving forward, FSLR could swing dramatically higher. For example, in the past three quarters, the company achieved an average positive earnings surprise of 30.27%.</p>



<p>Interestingly, analysts are anticipating a strong year for First Solar in fiscal 2024. Specifically, they&rsquo;re looking for EPS of $13.59 on sales of $4.5 billion. That&rsquo;s a major jump from last year&rsquo;s results of $7.74 EPS on revenue of $3.32 billion. What&rsquo;s more, fiscal 2025 revenue is projected to hit $5.6 billion.</p>



<p>It&rsquo;s still risky but it could be a compelling wager for alternative energy stocks.</p>



<h2>Clearway Energy (CWEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/cwen-stock-1-300x169.jpg" alt="the clearway energy (CWEN) logo on a web browser under a magnifying glass"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>Operating under the utility space, <strong>Clearway Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cwen-stock-quote/"><strong>CWEN</strong></a>) operates through Conventional and Renewables segments. <a href="https://finance.yahoo.com/quote/CWEN/profile/">Per its corporate profile</a>, Clearway has approximately 6,000 net megawatts (MW) of installed wind, solar and energy generation projects. It also features approximately 2,500 net MW of natural gas-fired generation facilities.</p>



<p>To be completely upfront, Clearway is wildly risky. Since the start of the year, CWEN slipped more than 16%. Over the past 52 weeks, the security gave up nearly 27% of equity value. Therefore, you must understand the risks before getting involved. With that said, analysts rate CWEN a consensus moderate buy with a <a href="https://www.tipranks.com/stocks/cwen/forecast">$28.50 average price target</a>. That implies an upside of 25% from Friday&rsquo;s close.</p>



<p>Another factor to consider is the slow revenue growth. In 2023, the company generated sales of $1.31 billion, up 10% from last year&rsquo;s print of $1.19 billion. However, in 2021, company revenue was nearly $1.29 billion.</p>



<p>Still, the most optimistic analyst believes that CWEN has the potential to hit $37 per share. We&rsquo;re talking over 62% upside potential.</p>



<h2>Brookfield Renewable (BEPC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/bepc-1600-300x169.jpg" alt="A phone displaying the logo for Brookfield Renewable Corporation (BEPC)"><div>Source: Piotr Swat / Shutterstock</div></div><p>Another player in the utility ecosystem, <strong>Brookfield Renewable</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/bepc-stock-quote/"><strong>BEPC</strong></a>) owns and operates a portfolio of renewable power and sustainable solution assets primarily in the U.S., Europe, Colombia and Brazil. <a href="https://finance.yahoo.com/quote/BEPC/profile">According to its corporate profile</a>, Brookfield operates hydroelectric, wind, solar and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 MW.</p>



<p>Another risky enterprise among alternative energy stocks, BEPC stock lost 23% of equity value since the start of the year. Over the past 52 weeks, it slipped almost 33%. However, speculators are hoping that the $22 technical support line may hold. One factor that could bolster sentiment is the company&rsquo;s fourth-quarter earnings report, where it posted EPS of 1 cent against an expected loss per share of 14 cents.</p>



<p>For the current fiscal year, analysts are looking for revenue of $6.13 billion. That&rsquo;s up 21.6% from last year&rsquo;s tally of $5.04 billion. Moreover, they&rsquo;re seeking sales of $6.4 billion in the following year. Lastly, shares feature a <a href="https://www.tipranks.com/stocks/bepc/forecast">moderate buy consensus view</a> with a $31.50 average price target.</p>



<h2>Clean Energy Fuels (CLNE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/clnestock1600-300x169.jpg" alt="CLNE stock: Image of a Metro Local public transportation bus on Hollywood Blvd."><div>Source: ZikG / Shutterstock.com</div></div><p>Specializing in the refining and marketing component of the energy value chain, <strong>Clean Energy Fuels</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/clne-stock-quote/"><strong>CLNE</strong></a>) provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the U.S. and Canada. Specifically, it supplies renewable natural gas (<a href="https://investorplace.com/stock-quotes/rng-stock-quote/"><strong>RNG</strong></a>), compressed natural gas (CNG) and liquefied natural gas (<a href="https://investorplace.com/stock-quotes/lng-stock-quote/"><strong>LNG</strong></a>) for medium and heavy-duty vehicles.</p>



<p>To be sure, CLNE ranks as the highest-risk, highest-reward prospect on this list of alternative energy stocks. Since the beginning of the year, CLNE suffered a loss of almost 42%. In the past 52 weeks, it&rsquo;s down 48%. Of course, the idea here is that at some point, the negative acceleration will fade. It&rsquo;s just that I&rsquo;m not entirely sure when such a dynamic will materialize, if at all.</p>



<p>For the current fiscal year, experts anticipate Clean Energy to post a loss per share of 12 cents. That&rsquo;s disappointing relative to the prior year&rsquo;s result of a 6-cent loss. At the same time, revenue could land at $439.66 million, up 3.4% from 2023. Also, the most optimistic target calls for revenue of $504.9 million.</p>



<p>Finally, analysts rate shares a <a href="https://www.tipranks.com/stocks/clne/forecast">consensus strong buy</a> with a $7 price target, projecting over 215% upside potential.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/04/7-alternative-energy-stocks-to-buy-on-the-fossil-fuel-fallout/">7 Alternative Energy Stocks to Buy on the Fossil Fuel Fallout</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Alternative Energy Stocks to Buy on the Fossil Fuel Fallout

Top high growth investment ratio stocks from each sector - GS

As part of the Earth Day celebration, President Joe Biden announced a seven billion dollar investment in solar energy, which could send solar-relat...

Biden's Earth Day Surprise Adds a Little Sunshine to Solar Panel Stocks

ACES

ADSK

AKAM

AMGN

AMZN

APTV

AXON

BEPC

BIIB

CARR

CHTR

CLNE

CMCSA

CNRG

CSIQ

CTEC

CTEX

CTLT

DLTR

DXCM

ERTH

FANG

FFIV

FICO

FLEX

FOXA

FRNW

GEHC

GOOGL

GRID

GRMN

HDRO

HSIC

HYDR

ILMN

INCY

JNPR

KEYS

KVUE

MRNA

MSFT

MTCH

NCLH

NOVA

NTAP

NWSA

ORCL

PODD

QCLN

RAYS

RNRG

SNPS

TRGP

TRMB

TTWO

UBER

VLTO

VRTS

WNDY

ZBRA

Press Releases

SinglePoint Subsidiary Boston Solar Scores Industry-Forging Partnership With Energizer Solar ($SING)

First Solar Signs PPA with Cleantech Solar to Power India Manufacturing Facility

SinglePoint's, Boston Solar, Adds To Busy Month Of Deal-Making, Further Exposing Parent Company's Valuation Disconnect ($SING)

First Solar Inaugurates 3.3 GW Manufacturing Facility in India

First Solar Acquires Facility for Use as Ohio Distribution Center

First Solar, Inc. to Announce Fourth Quarter and Full Year 2023 Financial Results and 2024 Financial Guidance on February 27, 2024

First Solar Releases Study Analyzing Economic Impact of American Manufacturing and Supply Chain Investments

First Solar, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results and 2024 Guidance

First Solar, Inc. to Announce First Quarter 2024 Financial Results on May 1, 2024

Commodities

Opinion

Global Solar Charging Station Market Size Projected to Reach $2.88 Billion By 2031