Forecast Of The Day: First Solar’s Solar Module Revenue

FSLR: First Solar logo
First Solar


First Solar’s (NASDAQ:FSLR) Solar Module Revenue rose from around $1.5 billion in 2019 to about $1.75 billion in 2020. Trefis expects the metric to rise steadily to over $2.3 billion by 2023.


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We expect sales growth to be driven by First Solar’s improving panel technology and favorable regulations, which could drive solar demand.

So What?

We think First Solar stock is undervalued at current levels. We value FSLR at about $103 per share, about 45% ahead of the current market price.

See Our Complete Analysis For First Solar

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Feb 2022
MTD [1]
YTD [1]
Total [2]
 FSLR Return -9% -19% 121%
 S&P 500 Return -1% -6% 100%
 Trefis MS Portfolio Return -1% -10% 254%

[1] Month-to-date and year-to-date as of 2/7/2022
[2] Cumulative total returns since the end of 2016

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