Forecast Of The Day: First Solar’s Solar Module Revenue
What?
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.
Why?
- 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
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] |
2022 YTD [1] |
2017-22 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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