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 is undervalued due to market fears over IRA repeal and Chinese oversupply, but long-term renewable energy trends support strong earnings growth. Estimated fair value for FSLR is $406.80, based on 2026 EPS of $18.00 and a P/E ratio of 22.6x. FSLR's CdTe modules offer longer life and lower costs compared to c-Si, with ongoing advancements in perovskite research for future efficiency gains.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Despite spiking as much as +6% in Monday's trading session, First Solar (FSLR) stock is still 37% from its 52-week high of over $300 a share last June.
First Solar (FSLR) reachead $186.43 at the closing of the latest trading day, reflecting a -0.02% change compared to its last close.
Zacks.com users have recently been watching First Solar (FSLR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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.
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