First Solar's Biggest Problem? Too Much Cash
It's not often that I think a company has too good a balance sheet for its own good. But in the case of First Solar (NASDAQ: FSLR), that may be the case in 2020.
First Solar has built one of the steadiest and most profitable businesses in the solar industry, and that has resulted in a rock-solid balance sheet with a net cash balance of $1.2 billion. But the company has scaled back operations in recent years as it shed a lot of its vertically integrated segments, from project development to engineering and construction to long-term asset ownership. The result is a slimmer business -- and one that isn't doing shareholders any good by having a cash-rich balance sheet.
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Source Fool.com
