FSLR no one considering the helpful impact of tariffs on Chinese solar panels which would incentivize solar that’s made in the USA? This stock is cheap right now. 13-14 PE
First Solar (FSLR) has strong fundamentals and excellent growth potential. The company’s U.S.-based manufacturing supports millions of American jobs and benefits from a favorable renewable energy outlook.
Analysts remain optimistic about First Solar, with a consensus price target of $285+.
Elon Musk has emphasized the importance of solar, stating, “Solar power will be the vast majority of power generation in the future,” and highlighting achievements like solar generating over 80% of electricity in parts of Western Australia. With the growing global emphasis on renewable energy, FSLR is well-positioned to rise, potentially hitting $300+.
Additionally, Elon Musk's appointment to lead the Department of Government Efficiency could provide further support for clean energy initiatives.
- 🚀 **Strategic Growth Year**: 2023 marked as a foundational year for expansion. - 💰 **Revenue Growth**: Sales expected to jump to $4.4-4.6 billion in 2024. - 🏗️ **Capacity Expansion**: Heavy investment in increasing production facilities. - 🛡️ **Market Challenges**: Faced stiff competition and pricing pressures from Chinese firms. - 🌍 **Capacity Milestone**: Global production capability set to top 21 GW by year-end.