Feb 21 week earnings - First Solar Inc.
So starting this week, my goal is to at least talk about one stock that is on my watchlist from earnings perspective.. Let us get started : This week's pick is First Solar (FSLR). For Solar City, this was the strong competition before Solarcity merged with Tesla, from portfolio management standpoint. First Solar's fundamentals are good if not attractive. With 20% profit margins and 10% return on average equity, it's a good green energy stock to follow. However President Trump's election victory pushed this stock from $40s to low $30s over past 3 months. Last 5 days, however, the price volatility seems to have increased with price increase over last week by almost 10%. Though the business fundamentals seems strong, recent price movement on stock suggests that increased price is in response to some expected big news. My guess is that market is already priced high for some unfavorable earnings news on Feb 21. I feel the seasonality affect of winter and President Trump