Advertisement
Canada markets closed

  • S&P/TSX

    21,714.54
    -297.08 (-1.35%)
     

  • S&P 500

    5,035.69
    -80.48 (-1.57%)
     

  • DOW

    37,815.92
    -570.17 (-1.49%)
     

  • CAD/USD

    0.7257
    -0.0004 (-0.05%)
     

  • CRUDE OIL

    81.14
    -0.79 (-0.96%)
     

  • Bitcoin CAD

    82,808.35
    -4,898.46 (-5.59%)
     

  • CMC Crypto 200

    1,285.92
    -53.14 (-3.97%)
     

  • GOLD FUTURES

    2,296.10
    -6.80 (-0.30%)
     

  • RUSSELL 2000

    1,973.91
    -42.12 (-2.09%)
     

  • 10-Yr Bond

    4.6860
    +0.0720 (+1.56%)
     

  • NASDAQ futures

    17,521.50
    -49.75 (-0.28%)
     

  • VOLATILITY

    15.65
    +0.98 (+6.68%)
     

  • FTSE

    8,144.13
    -2.90 (-0.04%)
     

  • NIKKEI 225

    38,288.69
    -116.97 (-0.30%)
     

  • CAD/EUR

    0.6806
    +0.0004 (+0.06%)
     

Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick

Zacks Equity Research
·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

ADVERTISEMENT

First Solar (FSLR)

Headquartered in Tempe, AZ, First Solar, Inc. is the world’s largest thin-film PV solar module manufacturer and the largest PV solar module manufacturer in the Western Hemisphere. The company is a leading global provider of comprehensive photovoltaic (PV) solar energy solutions and specializes in designing, manufacturing, and selling solar electric power modules using a proprietary thin-film semiconductor technology. The company sells its products to project developers, system integrators and renewable energy project operators primarily in Europe and Germany in particular. First Solar also engages in designing and deploying commercial solar projects for utilities. The company also develops and sells PV solar power systems that primarily use the modules it manufactures. Additionally, it provides operations and maintenance (“O&M”) services to system owners.

FSLR sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 74.7% and 35.6% year-over-year, respectively.

10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.49 to $13.52 per share. FSLR boasts an average earnings surprise of 14.2%.

On a historic basis, First Solar has generated cash flow growth of 32.9%, and is expected to report cash flow expansion of 404.9% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, FSLR should be on investors' short lists.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

First Solar, Inc. (FSLR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research