Is First Solar, Inc. (NASDAQ:FSLR) the Best Alternative Energy Stock to Buy Now?
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First Solar, Inc. (NASDAQ:FSLR) is engaged in the production and development of photovoltaic solar energy modules in the US, Asia, and Europe. It has invested $2.8 billion in three factories in Ohio and plans to invest an additional $1.2 billion to expand its manufacturing capacity to 10 GW by 2025 in the United States. The company expects its manufacturing capacity to reach 20 gigawatts by 2025 globally. First Solar, Inc. (NASDAQ:FSLR) recently released its earnings for the fiscal first quarter of 2024, posting earnings per share (EPS) of $2.20 and revenue of $749.11 million, a year-over-year increase of 44.8%. The company has a strong backlog and a commitment to innovation, with a backlog of 78.3 gigawatts of orders booked to 2030. The CEO of First Solar, Inc. (NASDAQ:FSLR) believes that the new tariffs announced by the Biden Administration against China can help the local solar manufacturers benefit from stable policies. As of May 23, First Solar, Inc. (NASDAQ:FSLR) is trading at a trailing twelve-month PE of nearly 25x, cheaper than the industry average of 45.33x. The stock has gained over 75% in the past six months and has received multiple ratings and price target upgrades from analysts.
#AlternativeEnergy #Stocks #SolarEnergy #RenewableEnergy #BidenAdministration #Tariffs
https://finance.yahoo.com/news/first-solar-inc-nasdaq-fslr-173123900.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-26 20:27:54
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-26 20:27:54Event JSON
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"content": "Is First Solar, Inc. (NASDAQ:FSLR) the Best Alternative Energy Stock to Buy Now?\n==========\n\nFirst Solar, Inc. (NASDAQ:FSLR) is engaged in the production and development of photovoltaic solar energy modules in the US, Asia, and Europe. It has invested $2.8 billion in three factories in Ohio and plans to invest an additional $1.2 billion to expand its manufacturing capacity to 10 GW by 2025 in the United States. The company expects its manufacturing capacity to reach 20 gigawatts by 2025 globally. First Solar, Inc. (NASDAQ:FSLR) recently released its earnings for the fiscal first quarter of 2024, posting earnings per share (EPS) of $2.20 and revenue of $749.11 million, a year-over-year increase of 44.8%. The company has a strong backlog and a commitment to innovation, with a backlog of 78.3 gigawatts of orders booked to 2030. The CEO of First Solar, Inc. (NASDAQ:FSLR) believes that the new tariffs announced by the Biden Administration against China can help the local solar manufacturers benefit from stable policies. As of May 23, First Solar, Inc. (NASDAQ:FSLR) is trading at a trailing twelve-month PE of nearly 25x, cheaper than the industry average of 45.33x. The stock has gained over 75% in the past six months and has received multiple ratings and price target upgrades from analysts.\n\n#AlternativeEnergy #Stocks #SolarEnergy #RenewableEnergy #BidenAdministration #Tariffs\n\nhttps://finance.yahoo.com/news/first-solar-inc-nasdaq-fslr-173123900.html",
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