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First Solar Inc FSLR

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

First Solar Keeps Adding to Backlog and Growth; Valuation Remains Rich

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $64 per share fair value estimate for First Solar after the company reported full-year 2020 results, initiated 2021 guidance, and continued to expand its sales pipeline. We are reaffirming our no-moat and stable moat trend ratings.

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Company Profile

Business Description

First Solar designs and manufactures photovoltaic solar modules and develops, designs, and constructs utility-scale solar systems using the company’s modules. 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.

Contact
350 West Washington Street, Suite 600
Tempe, AZ, 85281
T +1 602 414-9300
Sector Technology
Industry Solar
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Slow Growth
Employees 5,100

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