Solar

Better

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<p class="has-drop-cap">Three tech giants are making headlines in a volatile market for different reasons. Tesla’s (NASDAQ: TSLA) stock surged on <a href="https://tokenist.com/tesla-surprises-with-strong-q2-deliveries-stock-soars/" rel="noopener noreferrer nofollow" class="deco-link">better-than-expected delivery numbers</a>, while Nvidia (NASDAQ: NVDA) faces <a href="https://www.reuters.com/technology/french-antitrust-regulators-preparing-nvidia-charges-sources-say-2024-07-01/" target="_blank" aria-label="potential antitrust charges (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">potential antitrust charges</a> in France. Meanwhile, First Solar (NASDAQ: FSLR) sees a <a href="https://in.investing.com/news/company-news/baird-lowers-first-solar-shares-target-amid-revised-pricing-and-cost-guidance-93CH-4286899" target="_blank" aria-label="price target adjustment (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">price target adjustment</a> from analysts. Here’s a closer look at the latest developments for these closely watched stocks.</p>
<h3 id="tesla-tsla-reports-better-than-expected-q2-delivery-numbers">Tesla (TSLA) Reports Better than Expected Q2 Delivery Numbers</h3>
<p>Tesla’s stock is on a tear, surging 8.93% to $228.59 as of 12:21 PM EDT on Tuesday. The electric vehicle maker delivered a positive surprise with its second-quarter delivery numbers, reporting 443,956 vehicles delivered, beating Wall Street estimates of 438,000. This marks Tesla’s first delivery beat in four quarters, despite a 4.7% year-over-year decline.<br><br>The Model 3 and Model Y accounted for the bulk of deliveries at 422,405 units. Despite the recent rally, Tesla’s stock remains down 8% year-to-date, with a market capitalization of $729.051 billion. Analysts are hailing this as a “huge comeback” for the EV giant, with the stock rising for the sixth consecutive trading day.</p>
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<h3 id="nvidia-nvda-reportedly-to-face-antitrust-charges">Nvidia (NVDA) Reportedly to Face Antitrust Charges</h3>
<p>Nvidia’s stock is facing headwinds, down 1.69% to $122.20 as of 12:22 PM EDT. The chip maker is reportedly set to face antitrust charges from French regulators for allegedly anti-competitive practices.<br><br>This would mark the first enforcer to act against Nvidia, following dawn raids in the graphics cards sector last September. The investigation is part of a broader inquiry into cloud computing, with concerns raised about the sector’s dependence on Nvidia’s CUDA chip programming software.<br><br>Despite these challenges, Nvidia’s stock has shown remarkable performance year-to-date, up 146.85% with a staggering market cap of $3.007 trillion. Analysts even discuss the potential for a $10 trillion valuation, highlighting the company’s dominant position in the <a href="https://tokenist.com/3-small-cap-ai-stocks-with-serious-growth-potential/" rel="noopener noreferrer nofollow" class="deco-link">AI chip market</a>.</p>
<h3 id="first-solar-fslr-stock-dips-after-analyst-lower-price-target">First Solar (FSLR) Stock Dips After Analyst Lower Price Target</h3>
<p>First Solar’s stock is experiencing a pullback, down 3.53% to $214.85 as of 12:21 PM EDT. This comes as Robert W. Baird lowered its price target for the company from $344.00 to $307.00 while maintaining an “outperform” rating.<br><br>Despite the reduction, the new target still suggests a 37.85% upside from the previous close. First Solar reported strong first-quarter earnings of $2.20 per share, beating estimates, with revenue up 44.8% year-over-year to $794.10 million. The company’s consensus rating remains a “Moderate Buy” with an average price target of $266.04.<br><br>With a market cap of $22.971 billion and a <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">PE ratio</a> of 23.34, First Solar continues to be a significant player in the solar energy sector. Despite today’s dip, its year-to-date return is 24.56%.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-tesla-nvidia-and-first-solar/">Stocks to Watch Today: Tesla, Nvidia, and First Solar</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Tesla, Nvidia, and First Solar

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