#3 - First Solar (NASDAQ:FSLR)
First Solar (NASDAQ: FSLR) is not an installer of solar panels, but it’s a company that has its fingerprints on every other aspect of the process. The company manufactures solar panels and it provides support and maintenance services for utility-scale photovoltaic (PV) power plants.
The company is a relatively young company having just been founded in 1990. In that short time, First Solar has established a global footprint on four continents. Like many solar companies, First Solar saw strong growth in 2020 despite the Covid-19 pandemic. But, also like other solar companies, FSLR stock took a big dip in the first quarter of 2021.
However, this is where the story gets better. As of this writing, First Solar has recovered most of its losses. The company is also one of the strongest solar companies from a fundamental standpoint. When the company reported earnings in late July it had a cash position of $2.1 billion and minimal debt. That combined with a P/E ratio that remains at the low end of its historical range makes FSLR stock look like a solid buy.
About First Solar
First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.
Read More - Current Price
- $273.61
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 22 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $265.72 (2.9% Downside)
