First Solar sold off following the results of the 2024 US Election, falling over 15% since the election and 39.5% from its highs in June. This selloff was an overreaction because the market's concerns regarding Republican control of the presidency, the House and the Senate are founded in risks that are unlikely to actually happen. First Solar remains an industry leader that boasts a strong balance sheet, high margins, fast growth, and a solid backlog extending into 2030.
First Solar's unique CdTe technology offers higher efficiency in warmer climates, lower carbon impact, and reduced reliance on polysilicon, making it a strong investment. The company's U.S.-based production benefits from the Inflation Reduction Act and avoids Chinese tariffs, ensuring a competitive edge in the domestic market. A robust bookings backlog ensures stable income through 2030, with growing demand for sustainable energy driving utility-scale project value to $21.7 billion.
First Solar (FSLR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
First Solar (FSLR 1.46%) is one of the best companies in the solar industry. But after a strong run the last few years, the company is reporting less backlog and profits may come under fire due to subsidy reductions.
FSLR's robust backlog through 2030 and strategic US manufacturing position support its robust investment thesis amid uncertainties in the US renewables policy and polysilicon dumping. The growing demand for its cadmium tellurium panels has been exemplified in the growing thin film module installations in the US utility sector in 2023. FSLR is also targeting further upside in its ASPs through the next-gen CuRe product, with it potentially generating additional revenues over the next few years.
Rising support for domestic energy of all types under president-elect Trump means solar stocks could be worth a look. The post First Solar Could Benefit From Trump's Energy Policy.
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Recently, Zacks.com users have been paying close attention to First Solar (FSLR). This makes it worthwhile to examine what the stock has in store.
First Solar (FSLR 4.34%) has been one of only a few success stories in the solar industry over the past decade. The company maintained a relatively strong position despite fierce competition from Chinese commodity solar panel manufacturers, and remained profitable for most of that time.
NEW YORK, NY / ACCESSWIRE / November 27, 2024 / Pomerantz LLP is investigating claims on behalf of investors of First Solar, Inc. ("First Solar" or the "Company") (NASDAQ:FSLR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK CITY, NY / ACCESSWIRE / November 26, 2024 / Pomerantz LLP is investigating claims on behalf of investors of First Solar, Inc. ("First Solar" or the "Company") (NASDAQ:FSLR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
The election of Donald Trump has reignited speculation about the future of clean energy stocks, particularly in the solar sector. With a Republican-controlled White House and likely GOP majorities in Congress, investors are bracing for potential changes to the Inflation Reduction Act (IRA), which has been pivotal in driving clean energy growth.