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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Today’s Research Reports on Stocks to Watch: General Electric and First Solar

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / February 27, 2018 / General Electric and First Solar closed in the green on Monday on high volume. General Electric saw its shares rise after announcing several impressive nominations to its board and First Solar saw a bounce after seeing losses when it reported its fourth quarter financial report last week.

RDI Initiates Coverage on:

General Electric Company
https://rdinvesting.com/report/?ticker=GE

First Solar, Inc.
https://rdinvesting.com/report/?ticker=FSLR

General Electric's shares closed up 1.10% on about 145 million shares traded on Monday. Trading volume was significantly higher than the stock's average of about 85 million shares. It was revealed this week that the company will be overhauling its board and will remove several long-serving members and will nominate three outsiders. The company has nominated top aviation and industrial executives as well as an accounting expert to its board on Monday. Thomas Horton and Lawrence Culp Jr. have been nominated to the board. The executives are known for the turn arounds of American Airlines and Danaher Corp. Traders seemed thrilled with the nominations sending shares into the green. "The GE Board nominations are a solid start in a necessary cultural transformation, in our view, and we hold Larry Culp, former CEO of Danaher, in high regard," remarked analyst Stephen Tusa of JP Morgan.

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Access RDI's General Electric Company Research Report at:
https://rdinvesting.com/report/?ticker=GE

First Solar's shares closed up 5.36% yesterday on nearly 2.8 million shares traded. There was no remarkable news from the company but it was a nice bounce considering the stock dropped 7% last week after reporting its fourth quarter financial report late Thursday. First Solar reported revenue of $339 million. This was dramatically below the $434 million that analysts had expected. According to the company, revenue was "slightly lower than guidance as a result of certain foreign project sales that are now expected to be recognized in 2018." An adjusted loss of 25 cents a share however was narrower than the loss of 32 cents that analysts were waiting for. It was also worse than the profit per share of $1.24 the company reported in the year ago quarter. CEO Mark R. Widmar sounded optimistic in the earnings call and stated, "In the year that began with a great deal of uncertainty, with anticipated industry excess capacity leading to bearing module ASP projections, coupled with the challenges that came with our Series 6 transition, I am pleased with our focus, execution and ability to exceed our earnings and cash flow commitments for the year. 2017 was a record year with net bookings of 7.7 gigawatts DC, with Series 6 representing 2.6 gigawatts DC of the bookings."

Access RDI's First Solar, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=FSLR

Our Actionable Research on General Electric Company (NYSE: GE) and First Solar, Inc. (NASDAQ: FSLR) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com