Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has First Solar (FSLR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
First Solar is a member of the Oils-Energy sector. This group includes 252 individual stocks and currently holds a Zacks Sector Rank of #14. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. First Solar is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FSLR's full-year earnings has moved 53.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, FSLR has moved about 21.9% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have lost about 1.6% on average. This shows that First Solar is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is FTC Solar (FTCI - Free Report) . The stock is up 1.9% year-to-date.
Over the past three months, FTC Solar's consensus EPS estimate for the current year has increased 14.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, First Solar belongs to the Solar industry, which includes 16 individual stocks and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have lost about 13.2% so far this year, so FSLR is performing better this group in terms of year-to-date returns. FTC Solar is also part of the same industry.
Investors interested in the Oils-Energy sector may want to keep a close eye on First Solar and FTC Solar as they attempt to continue their solid performance.
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has First Solar (FSLR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
First Solar is a member of the Oils-Energy sector. This group includes 252 individual stocks and currently holds a Zacks Sector Rank of #14. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. First Solar is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FSLR's full-year earnings has moved 53.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, FSLR has moved about 21.9% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have lost about 1.6% on average. This shows that First Solar is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is FTC Solar (FTCI - Free Report) . The stock is up 1.9% year-to-date.
Over the past three months, FTC Solar's consensus EPS estimate for the current year has increased 14.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, First Solar belongs to the Solar industry, which includes 16 individual stocks and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have lost about 13.2% so far this year, so FSLR is performing better this group in terms of year-to-date returns. FTC Solar is also part of the same industry.
Investors interested in the Oils-Energy sector may want to keep a close eye on First Solar and FTC Solar as they attempt to continue their solid performance.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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