Sectors: Renewables
First Solar’s 1Q result released on Friday (1st May) was a solid one, with earnings ahead of expectations as stronger margins helped offset some of the tariff-related pressure hitting the sector.
The VanEck Global Clean Energy ETF (ASX:CLNE) has just hit new multi-year highs. The same Middle East conflict that sent oil prices soaring and rewarded fossil fuel investors has simultaneously reminded every energy-importing government on earth exactly why energy independence matters.
Hi MM Team
For those not across the business, SXE is a national electrical and multi-services contractor, delivering electrical, communications, fire, security and manufacturing solutions across large-scale projects. Historically leveraged to resources, the business has evolved meaningfully and is now far more exposed to commercial construction, infrastructure and technology-led projects like data centres.
First Solar posted another profitable quarter, but the tone of its guidance was more cautious, trimming the top end of revenue and shipment expectations despite strong execution in Q3.
It’s been a wild ride holding First Solar shares in recent times, however, recent news flow has been supportive, pushing shares sharply higher over the week.
It’s been a very choppy period for renewable companies to say the least, with FSLR feeling the impacts of tariffs, changes to proposed subsidies, and a high level of uncertainty around the political environment. They reported after market and the result was solid for the quarter, and bumped up their sales guidance for the full year. Shares were trading ~3% higher after hours.
Hi James, you have recently recommended IREN with a possible price target of $20. Well, brilliant call as it hit the target last night; now back to $18.60.
What is your planning with this share? At what point do you sell (or buy more!).
Thanks
