Stockchase Opinions

Steve Martin First Solar Inc. FSLR-Q PAST TOP PICK Apr 18, 2008

(A Top Pick Nov 22/07. Up 34.7%.) Likes this one for the long-term. This is the long-term, going to survive, IBM, Apple of the solar industry. Wouldn't make it an overweight holding, but would put a little bit in your per photo.
$285.790

Stock price when the opinion was issued

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BUY

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.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Apr 11/24, Up 69.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FSLR is progressing well.  To remain disciplined, we recommend trailing up the stop (from $170) to $210 at this time.  

TOP PICK

He recently bought it. Are a domestic producer of solar panel in the U.S. so tariffs protect it and subsidies help it. They have a two-year backlog of orders.

(Analysts’ price target is $265.98)
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

With demand for solar generation continuing to grow we reiterate FLSR as a TOP PICK.  It is uniquely aided by US government protectionist policies against competition from China.  It trades at 24x earnings and 3.5x book while supporting a 16% ROE.  We also like that cash reserves are growing well and that analysts project a growth in EPS over 50% for the year.  We continue to recommend a stop at $210, looking to achieve $290 -- upside potential of 24%.  Yield 0%

(Analysts’ price target is $290.16)
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jul 11/24, Up 10.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FSLR has triggered its stop at $2100.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 15%, when combined with our previous recommendations.  

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TOP PICK

First solar (nasdaq: fslr) is a leading global provider of comprehensive photovoltaic (pv) solar systems which use its advanced thin-film modules. the company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. from raw material sourcing through end-of-life module collection and recycling, first solar’s renewable energy systems protect and enhance the environment. Social media mentions are up 300% in the past 24h. 

BUY

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.

BUY

Is the only solar company based in the US where it has many plants. Didn't deserve to sell 10% today, because Trump won't support green energy. In fact, he would buy.  The US needs a lot more energy, and half of the new power added to the grid is solar. 

WATCH

Would recommend holding company. Politically - might not be as good with Trump administration. Dependent on subsidies from government (reason for government concern).