First Solar Is Hitting on All Cylinders
The global solar industry continues to grow in 2021, driven not only by the cost effectiveness of solar as an energy source, but also because of high fossil fuel prices. As the costs of coal, natural gas, and oil rise, solar energy becomes a great alternative for countries around the world, and that's fueling solar energy stocks this year.
One of the industry leaders is First Solar (NASDAQ: FSLR), which has long been one of the most profitable companies in solar and is now back in growth mode. The company has broken ground on two new solar manufacturing plants -- one in Ohio, and the other in India -- that will double production over the next three years. Given strong orders and great margins, this is a solar stock that's built to be a great performer long-term.
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Source Fool.com
