First Solar Stock Fair Value Calculation – First Solar Tops TD Cowen’s List of Top Ideas as Brokerage Favors Solar Utility Over Residential

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First Solar ($NASDAQ:FSLR), Inc. is an American based company specializing in the production of solar power technology. Recently, TD Cowen has released their list of top ideas, and have highlighted First Solar as a key pick for investors. The brokerage firm is favoring solar utility over residential, and is recommending that investors look into First Solar and other solar providers as a potential option for their portfolios. With the emergence of renewable energy sources and the continually rising cost of traditional electricity, solar energy is becoming an increasingly attractive option. By investing in solar providers, such as First Solar, investors can benefit from the increasing demand for solar energy, and help take part in the shift towards renewable energy sources. TD Cowen is favoring investments in solar utility companies like First Solar over residential investments due to their greater potential for growth. With economies of scale, companies like First Solar are able to offer more competitive prices to large customers, such as utilities, allowing them to increase their market share.

In addition, investments in solar energy are seen as an important way to reduce the environmental impact of traditional energy sources, and can help drive forward clean energy solutions. By including First Solar among their top picks, TD Cowen is signaling that now is the time to invest in solar energy providers like First Solar. With their cutting-edge products and commitment to renewable energy sources, investing in First Solar could be a great opportunity for those looking to benefit from the increasing demand for solar power.

Share Price

On Tuesday, TD Cowen released its list of “Top Ideas” for investors, with FIRST SOLAR topping the list. As a result, FIRST SOLAR stock opened at $167.9 and closed at $172.7, marking a 4.0% increase from the prior closing price of $165.9. FIRST SOLAR’s strong stock performance is likely due to the fact that the company has a history of providing reliable and cost-effective solar energy solutions for utility-scale projects, making it an attractive investment for those looking to capitalize on the growth of solar power. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for First Solar. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for First Solar. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for First Solar. More…

Key Ratios Snapshot

Some of the financial key ratios for First Solar are shown below. More…

Analysis – First Solar Stock Fair Value Calculation

GoodWhale has examined the fundamentals of FIRST SOLAR and analyzed the data to provide an intrinsic value estimate for the stock. Our proprietary Valuation Line gives an intrinsic value of $138.4 per share, indicating that FIRST SOLAR is currently trading at a price of $172.7 – well above its intrinsic value by 24.8%. This suggests that FIRST SOLAR could be considered overvalued in the market. Of course, this is only an estimation and investors should consider other factors before making an investment decision. More…

Peers

First Solar Inc is one of the world’s leading solar panel manufacturers. The company has a strong market presence in Asia, Europe, and the United States. First Solar’s main competitors are JA Solar Technology Co Ltd, Solar Philippines Nueva Ecija Corp, and Folkup Development Inc.

– JA Solar Technology Co Ltd ($SZSE:002459)

JinkoSolar Holding Co., Ltd. engages in the business of solar power products, services, and system solutions. It operates through the following segments: Module Products, Generating Systems, and Others. The Module Products segment designs, develops, manufactures, and sells solar modules. The Generating Systems segment provides solar generating systems that are connected to the power grid and generate electricity. The Others segment comprises of silicon wafers, solar cells, and other products. JinkoSolar was founded on September 28, 2006 and is headquartered in Shanghai, China.

– Solar Philippines Nueva Ecija Corp ($PSE:SPNEC)

Solar Philippines Nueva Ecija Corp is a solar power company that develops, builds, owns, and operates solar power plants in the Philippines. The company has a market capitalization of 11.9 billion as of 2022 and a return on equity of -3.62%. Solar Philippines Nueva Ecija Corp is engaged in the business of developing, constructing, owning, and operating solar power plants.

– Folkup Development Inc ($OTCPK:FLDI)

Folkup Development Inc has a market cap of 49M as of 2022, a Return on Equity of 40.0%. The company is engaged in the business of developing software applications. It has a strong focus on delivering high quality products and services to its clients. The company’s products are used by major corporations around the world. Folkup Development Inc has a strong reputation for delivering innovative and reliable software solutions.

Summary

First Solar (FSLR) has been identified as one of the top ideas by TD Cowen, with the brokerage favoring solar utility over residential. This positive outlook has already had a positive effect on the stock price, with it moving up the same day. Investors should take note of this strong analyst sentiment and consider the potential for steady long-term gains. First Solar has a long history of success, having developed one of the most efficient solar panel technology, and is well-positioned to benefit from the global shift towards a more sustainable energy future.

Despite some challenges in the short-term, such as increasing competition and decreasing subsidies, First Solar’s solid fundamentals and strategic advantages make it an attractive investment option. This makes it a good pick for those looking for a relatively low-risk yet potentially rewarding play on renewable energy.