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First Solar Inc - Stock Quote FSLR

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Morningstar's First Solar Inc Stock Analysis

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Solar Stocks Set to Jump as Biden Provides Tariff Reprieve

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

Solar stocks are set to jump on June 6 after reports the Biden administration will announce actions to alleviate uncertainty associated with tariffs on imported solar panels. The Biden administration is expected to provide a two-year halt to new solar tariffs, allowing much-needed near-term certainty for developers. We note many industry participants have delayed projects as they awaited clarity on the tariffs. Additionally, Biden plans to use the Defense Production Act to provide support for U.S.-made solar panels. We view these actions as aimed at balancing continued buildout of solar projects in the near term to support decarbonization goals, while looking to increase U.S. solar manufacturing over time.

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First Solar Inc's Company Profile

Business Description

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world’s largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, and Ohio. It plans to add a large factory in India.

350 West Washington Street, Suite 600
Tempe, AZ, 85281
T +1 602 414-9300
Sector Technology
Industry Solar
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 4,800

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