FSLR

First Solar Inc

Industrial/Transportation, Energy, Utilities


Presented:11/14/2023
Price:$149.14
Cap:$15.93B
Current Price:$201.98
Cap:$21.62B

Presented

Date11/14/2023
Price$149.14
Market Cap$15.93B
Ent Value$16.08B
P/E Ratio33.79x
Book Value$58.99
Div Yield0%
Shares O/S106.84M
Ave Daily Vol2,229,050
Short Int4.90%

Current

Price$201.98
Market Cap$21.62B
First Solar, Inc. is a solar technology company, which engages in the provision of solar modules. It is involved in the design, manufacture, and sale of cadmium tellurid (CdTe) solar modules, which convert sunlight into electricity. The company was founded by Michael J. Ahearn in 1999 and is headquartered in Tempe, AZ.

Publicly traded companies mentioned herein: First Solar, Inc. (FSLR) 

Highlights

The presenter is long First Solar (FSLR) and believes it’s uniquely positioned to reap significant benefits from the Investment Tax Credit (ITC) and the ongoing energy transition. The company’s use of thin-film technology compared to polycrystalline technology used by competition provides the company with a cost advantage and an ability to capture the full benefit of tax credits ($0.17 per watt). This dynamic should set up the company for strong growth resulting in core EPS of $10.50 in 2026 that coupled with 45X incentives could see the stock potentially double from its current $142 per share.

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Idea Discussion

Commentor 1 - 2 weeks ago

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