First Solar Inc

FSLR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$335.00	Rqcrc	Xqfmkfpnv

First Solar Earnings: U.S. Capacity Expanding Further, as Expected; Shares Fairly Valued

Brett Castelli

Jul 28, 2023

We maintain our $185 per share fair value estimate for no-moat First Solar following the company's second-quarter earnings release. We view the results and commentary as slightly positive, but not enough for us to materially change our assumptions. We view shares as fairly valued.

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