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Stock Strategist

First Solar Has a Bright Near-Term Outlook That Could Dim

The firm faces stiff competition from inside and outside the industry.

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 First Solar (FSLR) is well positioned to capitalize on worldwide solar energy growth, especially in the United States, where state policies and corporate demand are creating a large market. But management's ability to maintain efficient operations, leading technology, and good customer relationships will determine whether investors benefit from this growth potential.

First Solar has used a slow and steady approach to become the world's leading manufacturer of cadmium telluride, also known as thin-film, solar panels. Demand is so strong that First Solar already has contracted out two years of its current production capacity.

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Travis Miller does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.