Should you buy First Solar stock? (February 2024)

Published first at https://www.3minutebreakdowns.com First Solar stock analysis. Ticker: $FSLR First Solar is the largest solar manufacturer in the Western Hemisphere and a leader in thin-film technology. At the latest price, the company has a market cap of 16 billion dollars. With 2 billion of cash and investments and 460 million of long term debt, the enterprise value is 14.5 billion. Over the last 12 months, First Solar has produced 3.2 billion of revenue and 474 million of net income. So the stock is valued at 4.6 times revenue and 39 times earnings. However, First Solar expects to earn around $3 earnings per share in the fourth quarter which would take its PE ratio down below 20. That’s a reasonable valuation considering First Solar’s technical advantages and the amount of growth left in the solar industry. And the majority of First Solar's modules are sold to utility projects like solar farms and solar parks - that protects the company from the volatility of residential solar. #investing #stocks #fslrstock