FSLR - First Solar: In The Early Stages Of Potentially Massive EPS Growth

2024-04-12 04:01:02 ET

Summary

• First Solar has a backlog of 80 GW and a strong deal pipeline, indicating potential growth and expanding EPS through 2030.
• The company's financials have shown stability and improvement, with revenue, gross profit, and operating income all increasing incrementally QoQ.
• First Solar's brand and differentiated technology give it pricing strength and the ability to offer price certainty to customers, despite Chinese oversupply risks.
• We rate the Stock a 'Strong Buy'.

When it comes to First Solar ( FSLR ), much is actually currently known about the leading North American solar panel manufacturer's prospective growth and earnings trajectory.

With a huge backlog of ~80 Gigawatts, a massive deal pipeline in various stages of development, and ASP's that are trending higher , not lower, and there's no question that the company is currently set up to deliver strong results through the end of 2030....

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