Stock Track | First Solar Soars 5.05% as Solar Stocks Rally on SolarEdge's Strong Earnings

Stock Track

Nov 05

First Solar (FSLR) shares surged 5.05% in Wednesday's morning trading session, riding the wave of a broader rally in solar energy stocks. The uptick comes on the heels of better-than-expected earnings reported by industry peer SolarEdge, igniting optimism across the sector.

SolarEdge, a key player in the solar industry, reported third-quarter earnings per share of $-0.31, surpassing analyst estimates by $0.10. The company's revenue of $340.21 million also beat the consensus estimate of $330.29 million, demonstrating resilience in a challenging market environment.

The positive sentiment from SolarEdge's earnings report rippled through the solar energy sector, lifting stocks across the board. While SolarEdge itself saw a dramatic 22% increase, other companies in the space also experienced significant gains. Canadian Solar jumped 18%, JinkoSolar rose 9%, and both NEXTracker and Array Technologies climbed 6%. First Solar's 5.05% increase aligns with the sector-wide trend, reflecting investor confidence in the solar industry's near-term prospects.

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The uptick comes on the heels of better-than-expected earnings reported by industry peer SolarEdge, igniting optimism across the sector.</p>\n\n<p>SolarEdge, a key player in the solar industry, reported third-quarter earnings per share of $-0.31, surpassing analyst estimates by $0.10. The company's revenue of $340.21 million also beat the consensus estimate of $330.29 million, demonstrating resilience in a challenging market environment.</p>\n\n<p>The positive sentiment from SolarEdge's earnings report rippled through the solar energy sector, lifting stocks across the board. While SolarEdge itself saw a dramatic 22% increase, other companies in the space also experienced significant gains. Canadian Solar jumped 18%, JinkoSolar rose 9%, and both NEXTracker and Array Technologies climbed 6%. First Solar's 5.05% increase aligns with the sector-wide trend, reflecting investor confidence in the solar industry's near-term prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FSLR","symbol_name":"第一太阳能","start_time":0,"source_url":"","article_id":"1136680988","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136680988","pubTimestamp":1762357962,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"First Solar (FSLR) shares surged 5.05% in Wednesday's morning trading session, riding the wave of a broader rally in solar energy stocks. 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