Why First Solar Is Crushing the Competition

By Travis Hoium – Nov 13, 2023 at 9:11AM

NASDAQ: FSLR

First Solar

Market Cap

$19B

Today's Change

(2.12%) $3.71

Current Price

$178.73

Price as of April 26, 2024, 4:00 p.m. ET

First Solar is the one solar energy stock that hasn't dropped like a rock in 2023. This is why.

First Solar (FSLR 2.12%) hasn't been strongly affected by rising interest rates and falling residential solar demand because it's not involved in the same markets as most public solar companies. That's why it's holding up better than the competition.

In this video, Travis Hoium goes over why First Solar will ride this wave for at least the next three years.

*Stock prices used were end-of-day prices of Nov. 8, 2023. The video was published on Nov. 11, 2023.

Travis Hoium has positions in First Solar and SunPower. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends First Solar and SolarEdge Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.