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Are Oils-Energy Stocks Lagging First Solar (FSLR) This Year?
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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has First Solar (FSLR - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
First Solar is a member of our Oils-Energy group, which includes 246 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. First Solar is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FSLR's full-year earnings has moved 8.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FSLR has gained about 4.1% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 3.3% on a year-to-date basis. This means that First Solar is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Constellation Energy Corporation (CEG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 32.6%.
For Constellation Energy Corporation, the consensus EPS estimate for the current year has increased 30.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, First Solar is a member of the Solar industry, which includes 17 individual companies and currently sits at #181 in the Zacks Industry Rank. This group has lost an average of 50.2% so far this year, so FSLR is performing better in this area.
Constellation Energy Corporation, however, belongs to the Alternative Energy - Other industry. Currently, this 39-stock industry is ranked #160. The industry has moved -14.4% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on First Solar and Constellation Energy Corporation as they attempt to continue their solid performance.
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Are Oils-Energy Stocks Lagging First Solar (FSLR) This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has First Solar (FSLR - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
First Solar is a member of our Oils-Energy group, which includes 246 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. First Solar is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FSLR's full-year earnings has moved 8.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FSLR has gained about 4.1% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 3.3% on a year-to-date basis. This means that First Solar is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Constellation Energy Corporation (CEG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 32.6%.
For Constellation Energy Corporation, the consensus EPS estimate for the current year has increased 30.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, First Solar is a member of the Solar industry, which includes 17 individual companies and currently sits at #181 in the Zacks Industry Rank. This group has lost an average of 50.2% so far this year, so FSLR is performing better in this area.
Constellation Energy Corporation, however, belongs to the Alternative Energy - Other industry. Currently, this 39-stock industry is ranked #160. The industry has moved -14.4% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on First Solar and Constellation Energy Corporation as they attempt to continue their solid performance.