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Experts overall agree that First Solar Inc. is a rare solar panel company that is making money and has a strong business on the commercial side of the industry. The company has been benefitting from tax credit incentives, with rapidly growing cash reserves and a strong order backlog. Despite some minor setbacks, the company is forecasted to have a steady revenue with high growth potential in the future. Shares have pulled back, presenting an attractive investment opportunity.
It reports Tuesday. Is a rare solar panel company that's making money. Their business lies in the commercial, not residential side of the industry (which relies more on interest rates). A trade.
One of the few solar stocks that makes money. Have suffered from higher costs in raw materials and shipping, so reported a loss last year. This year, they are guiding for a high $7-8 EPS and $13 EPS in 2024. Trades at a cheap 12x 2024 PE. They sell to commercial customers much more than homeowners, so is less exposed to higher rates. Demand for products is high with orders through 2026. They make a superior product, using 98% fewer semi materials than their peers, therefore cheaper to produce. Shares have pulled back, so attractive.
Likes it because it's one of the few solar panel companies that is actually profitable. Shares are up 30% YTD, despite weakness in the group. It's best in breed.
First Solar Inc. is a American stock, trading under the symbol FSLR-Q on the NASDAQ (FSLR). It is usually referred to as NASDAQ:FSLR or FSLR-Q
In the last year, 6 stock analysts published opinions about FSLR-Q. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Solar Inc..
First Solar Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for First Solar Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered First Solar Inc. In the last year. It is a trending stock that is worth watching.
On 2024-04-29, First Solar Inc. (FSLR-Q) stock closed at a price of $180.745.
As the western hemisphere's largest solar module manufacturer, we reiterate FSLR as a TOP PICK. Analysts expect a 400% cash flow expansion over the year, when it reports in May. It trades at 24x earnings and 3x book value. We recommend maintaining the stop at $140, looking to achieve $222 -- upside potential of 21%. Yield 0%
(Analysts’ price target is $221.96)