FSLR - First Solar: Growing Opportunities And Regulatory Tailwinds Ensure A Shining Future
2024-05-20 06:14:20 ET
Summary
- First Solar reported strong Q1 2024 results, with net sales up 44.8% YoY and a net income of $237 million.
- The company has seen its margins increase due to benefits from government initiatives, such as the advanced manufacturing production credit.
- First Solar's differentiated technology and expanding pipeline of potential bookings position it for continued growth.
- First Solar’s stock is trading at a good valuation given its growth prospects. The company is trading at a P/E ratio of 19.78x TTM and 14.3x forward.
...
First Solar: Growing Opportunities And Regulatory Tailwinds Ensure A Shining Future