First Solar (Nasdaq: FSLR) was once a clear leader in the solar industry but the company has seen margins and profits fall recently as more efficient competitors caught up. Utility scale project that drive the company's revenue just aren't coming along as frequently as they used to as seen by backlog falling from 2.6 GW to 2.2 GW between the first of the year and early August. But that's not all to be concerned about as solar analyst Travis Hoium covers in the video below.
Low efficiency modules are putting First Solar in a tough position.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.