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First Solar Inc FSLR

Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

First Solar Eyeing Ways to Increase Production Capacity as Solar Demand Stays Hot

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $64 per share fair value estimate for First Solar after the company reported earning $1.96 per share in the first quarter, including a $151 million gain on the sale of its operating and maintenance and project development businesses. Results are on track to meet our full-year estimate. We are reaffirming our no-moat and stable moat trend ratings.

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Company Profile

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, and Ohio.

Contact
350 West Washington Street, Suite 600
Tempe, AZ, 85281
T +1 602 414-9300
Sector Technology
Industry Solar
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 5,100

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