First Solar Revised To $75 On Technology Improvement, Policy Tailwinds
We recently raised our price estimate for First Solar (NASDAQ:FSLR) by about 20% to $75, on account of favorable policy developments (U.S. solar tax credit extension, COP21 agreement) which could aid demand, in addition to the company’s recent technology improvements, which should enable it to cut costs and make its panels more competitive in the market.
Notes:
- Down 6% This Year, What’s Happening With First Solar Stock?
- Down 17% In The Last Six Months, Will First Solar Stock Recover Post Q4 Results?
- Up A Mere 15% In 2023, Is First Solar Stock Poised To Do Better In 2024?
- Down 30% From Highs Seen In May 2023, Where Is First Solar Stock Headed?
- Why Is The Hydrogen Theme Underperforming This Year?
- Why This Renewables Theme Is Underperforming In A Strong Market
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for First Solar
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