Forecast Of The Day: First Solar’s Solar Module Revenue
What?
First Solar’s (NASDAQ:FSLR) Solar Module Revenue rose from around $1.5 billion in 2019 to about $1.75 billion in 2020. Trefis expects the metric to rise steadily to over $2.3 billion by 2023.
Why?
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We expect sales growth to be driven by First Solar’s improving panel technology and favorable regulations, which could drive solar demand.
So What?
We think First Solar stock is undervalued at current levels. We value FSLR at about $103 per share, about 45% ahead of the current market price.
See Our Complete Analysis For First Solar
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| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| FSLR Return | -9% | -19% | 121% |
| S&P 500 Return | -1% | -6% | 100% |
| Trefis MS Portfolio Return | -1% | -10% | 254% |
[1] Month-to-date and year-to-date as of 2/7/2022
[2] Cumulative total returns since the end of 2016