First Solar Inc
FSLR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$137.00 | Ylrj | Zwtpqkck |
First Solar Sees Robust Booking Momentum; Raising Fair Value Estimate to $152
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.