FIRST SOLAR DRN forum
Buy the Dip: 
FSLR
First Solar (FSLR) has strong fundamentals and excellent growth potential. The company’s U.S.-based manufacturing supports millions of American jobs and benefits from a favorable renewable energy outlook.
Analysts remain optimistic about First Solar, with a consensus price target of $285+.
Elon Musk has emphasized the importance of solar, stating, “Solar power will be the vast majority of power generation in the future,” and highlighting achievements like solar generating over 80% of electricity in parts of Western Australia. With the growing global emphasis on renewable energy,FSLR is well-positioned to rise, potentially hitting $300+.
Additionally, Elon Musk's appointment to lead the Department of Government Efficiency could provide further support for clean energy initiatives.
FSLRFirst Solar (
FSLR) has strong fundamentals and excellent growth potential. The company’s U.S.-based manufacturing supports millions of American jobs and benefits from a favorable renewable energy outlook.Analysts remain optimistic about First Solar, with a consensus price target of $285+.
Elon Musk has emphasized the importance of solar, stating, “Solar power will be the vast majority of power generation in the future,” and highlighting achievements like solar generating over 80% of electricity in parts of Western Australia. With the growing global emphasis on renewable energy,
FSLR is well-positioned to rise, potentially hitting $300+.Additionally, Elon Musk's appointment to lead the Department of Government Efficiency could provide further support for clean energy initiatives.
FSLR The best indicator of who won the debate
FSLR tellurium prices have gone up ~25% in the past 2 months. It is probably a good sign of increasing production from first solar.
FSLR Was something off in the guidence call why on earth it's selling to these earning numbers?
FSLR 2024 Trends for First Solar 🚀🚀🚀- 🚀 **Strategic Growth Year**: 2023 marked as a foundational year for expansion.
- 💰 **Revenue Growth**: Sales expected to jump to $4.4-4.6 billion in 2024.
- 🏗️ **Capacity Expansion**: Heavy investment in increasing production facilities.
- 🛡️ **Market Challenges**: Faced stiff competition and pricing pressures from Chinese firms.
- 🌍 **Capacity Milestone**: Global production capability set to top 21 GW by year-end.
FSLR Pwease get to $160 by EOD 🥲FSLR by bottom liner with GPT410/10
• First Solar’s stock rose by 5% following an updated positive outlook.
• 2023 revenue is projected to be between $3.3 billion and $3.6 billion, with expected net income between $1.2 billion and $1.4 billion.
• The expected average selling price for their Module series 6 is $0.29 per watt, with production costs around $0.25 per watt, leaving a healthy margin.
• Guidance for 2024 predicts revenue to be in the range of $4.4 to $4.6 billion, with expected module shipments to be between 15.6 to 16.3 gigawatts.
• The forward P/E ratio for First Solar is estimated to be around 10 times.
FSLR Hoping to see a continued run as we approach earnings. The stock may seem overvalued vs the competition, but FSLR has been improving margins, their revenue is forecasted to increase QoQ by 63% and YoY by 31%, and solar installations have still been rising steadily.I'm bullish and hopeful, but only time will tell. Currently holding 160c 03/01 @ 3.50/avg. Tempted to take some profits, but I'm not that smart
FSLR Ended up rolling my 148c 02/09 --> 160c 03/01 on 02/07 and it's been paying off nicely. Plan on holding until after earnings