Stock price when the opinion was issued
Up 54% in May, the S&P's top performer. His favourite solar play because it's profitable and the largest US manufacturer with lots of exposure in industrial-scale projects. They reported a monster earnings beat, but were greatly help by Biden announcing tariffs of China's solar cells. This stock has more room to run.
EPS of $3.25 beat estimates of $2.66; revenue of $1.01B beat estimates of $940M. Guidance was for EPS $13.00 to $14.00 (unchanged), vs estimates $13.60. It was a good quarter, and the company remains debt-free with $1.2B cash and strong EPS growth prospects over the next two years. However, election uncertainty does seem to be impacting customer bookings, and this may hurt the next two quarters until solar policies are clarified. But fundamentals ex-this factor are quite good, and it remains the leader in the sector, for sure.
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Was a past pick of his. Shares have been bumpy for fears that Trump will impose tariffs on solar panels and he doesn't like green energy, though there's bi-partisan support for solar energy. FSLR is the only real option for the US, so FSLR is a fine position. Shares will be bumpy thought. Buy for the long term.