First Solar: Strong Buy Amid Pullback And Q2 Outperformance (Rating Upgrade)
FSLRFirst Solar(FSLR) Seeking Alpha·2024-08-06 17:15
aryos/E+ via Getty Images In my last analysis of First Solar (NASDAQ:FSLR), I allocated a Hold rating due to overvaluation concerns. Since then, the stock has lost almost 18% in price. Now, I think the stock is fairly valued again, and so I am reallocating a Buy rating, the last of which I posted in April 2024, and the stock has gained nearly 20% since then. Analyst's Performance Now, First Solar's future looks evermore bright since the valuation has become more reasonable. Manufacturing capacity expans ...