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First Solar Inc FSLR Stock Quote

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Morningstar‘s Stock Analysis FSLR

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First Solar Sees Robust Booking Momentum; Raising Fair Value Estimate to $152

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

We've increased our First Solar fair value estimate to $152 per share from $135 following third-quarter results. The primary driver of our increase is higher average selling prices based on the company's recent bookings. We continue to view First Solar as uniquely positioned to benefit from recently passed U.S. solar manufacturing incentives. The shares trade at an approximate 13% discount to our revised fair value estimate.

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Key Statistics FSLR

Company Profile FSLR

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, the United States, and a new factory under construction in India.

350 West Washington Street, Suite 600
Tempe, AZ, 85281
T +1 602 414-9300
Industry Solar
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 4,800

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