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?
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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
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| 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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