MSFT - First Solar: Major Winner In AI Boom

2024-05-30 17:37:20 ET

Summary

• First Solar has built a strong balance sheet and dominant position in the US solar industry, while competitors struggle.
• The rise of AI and LLMs has increased the demand for cheap energy generation, making solar PV an ideal solution.
• First Solar's Cadmium Telluride panels are more cost-competitive and durable for utility-scale projects, giving the company an advantage.

First Solar ( FSLR ) has long been a stalwart in the notoriously volatile solar industry. Despite the never-ending price wars in solar panel manufacturing, First Solar has been able to build a rock solid balance sheet over the past decade. Meanwhile, competitors have either gone bankrupt or experienced razor-thin to non-existent margins at best during the same period....

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