Futures are pointing to a green open this morning on the heels of yesterday’s sell-off. Yesterday the Dow lost nearly 400 points or 1.5%. The S&P 500 and Nasdaq both ended with roughly 1% declines.
Markets are weighing a bevy of influencing factors which could support both bullish and bearish sentiment for the second half of 2020.
Next week Q2 earnings season officially begins. Second-quarter earnings are expected to show the brunt of the coronavirus’ fallout which has inspired the biggest forecast cut since 2008. Some analysts are optimistically predicting that quarterly earnings will crush overall low expectations.
If you haven’t already, now is a great time to consider your strategy for earnings season. Today we’re highlighting one company in anticipation of its upcoming earnings call.
Worldwide adoption of solar energy has taken off over the past decade and that momentum is expected to keep growing for the foreseeable future. However, the solar power industry is a competitive space which has stifled profits in the past.
One company that has managed to maintain profitability over a long period of time is First Solar Inc. (NASDAQ: FSLR), the thin-film solar panel manufacturer was also one of the industry’s pioneers. So far this year FSLR has underperformed the S&P.
First Solar’s earnings announcement is expected sometime between July 30th and August 3rd.
