First Solar, Inc. (NASDAQ:FSLR)
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The Company designs and manufactures solar modules using a proprietary thin film semiconductor technology.
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The Company designs and manufactures solar modules using a proprietary thin film semiconductor technology.
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Despite a revenue miss this most recent quarter, the company demolished earnings estimates. The re-election of President Obama is undoubtedly friendly for the industry. The new tariff on Chinese solar panels will help the company grow in the US. The company is removing itself from the dismal European economy, and those costs are already priced into the stock. It is currently trading at a miniscule PEG of about 0.2. As the stock breaks through $26 I expect shorts to cover and the stock to move up quickly.