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

FSLR: First Solar logo
First Solar


First Solar’s (NASDAQ:FSLR) Solar Module Revenue has risen from around $1.5 billion in 2019 to $1.9 billion in 2021. Trefis expects the metric to rise to over $2.3 billion by 2023.


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Growing demand for renewable energy and First Solar’s improving panel technology should help drive panel sales.

So What?

We think FSLR stock is undervalued at current levels. We value FSLR at $103 per share, about 30% 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 Mar 2022
MTD [1]
YTD [1]
Total [2]
 FSLR Return 4% -10% 144%
 S&P 500 Return 1% -7% 97%
 Trefis MS Portfolio Return 1% -9% 256%

[1] Month-to-date and year-to-date as of 3/17/2022
[2] Cumulative total returns since the end of 2016

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