Are you gearing up for tomorrow's earning reports? If you haven't heard, there are three major players releasing their data tomorrow! They are First Solar (FSLR), Home Depot (HD), and SunPower (SPWR). So, I figured it would be fun to take a look at the data and see what we can expect from each report. Here are my predictions and why I've made them.
First Solar - First Solar (NASDAQ:FSLR) is another report that I've been really looking forward to. While it seems as though the boom in energy efficiency conscious consumers has subsided a bit, the industry is still a growing one and First Solar (FSLR) is a great company. Also, the company just announced today that they are in the process of partnering with another big player in the Solar energy space that will be releasing their report tomorrow; SunPower (NASDAQ:SPWR). All in all, I think we're going to see a great report out of First Solar (FSLR) tomorrow; which will be much needed good news considering what we've seen from the stock over the past three months.
SunPower - As mentioned above, SunPower (SPWR) is a major player in the solar energy space. With the solar energy market continuing to expand, albeit at a much slower pace than in the past, I'd expect to see a positive earnings report out of SunPower (SPWR) as well. Aside from the fact that solar power is a growing industry, SunPower's Solar Star project is a big hit and could really drive earnings home.
The Home Depot - Finally, The Home Depot (NYSE:HD) is one of the reports that I've been not-so-patiently anticipating. As mentioned in a previous article, The Home Depot (HD) is one of the larger companies in the United States that aren't going to feel much pain from the strong United States dollar. The Home Depot (HD) has been a pretty solid stock over the past year and considering my expectations for their earnings, I'd imagine that we will continue to see growth both tomorrow as investors anticipate the report as well as Wednesday once investors know the good news!
Gear Up For A Great Day!
As you can see, my predictions for tomorrow's quarterly reports are all positive. In my opinion, all three companies are great companies to invest in. Considering the fact that the solar power industry is still expanding and both First Solar (FSLR) and SunPower (SPWR) have big projects in place that should be great earning drivers. When it comes to The Home Depot (HD), I think the name speaks for itself. The company is America's favorite home improvement and hardware store and is immune to the negative affects of a strong United States Dollar. So, I'd be surprised if we ended up seeing negative reports out of any of these companies!
What Are Your Thoughts?
This post was originally featured on CNA Finance.