2 Solar Stocks That Could Be Poised for Growth
First Solar (NASDAQ: FSLR) and SunPower (NASDAQ: SPWR) have long been technology leaders in the solar industry. But instead of expanding in the last few years as competitors did, they've spent the last four or five years treading water as China built out its manufacturing capacity.
Instead of competing in an arms race with commodity solar modules, First Solar and SunPower focused on developing holistic solutions for solar power plants and developed better technology than competitors. Eventually, the race to the bottom would end and cost cuts would be harder to come by. Quality and efficiency could then become differentiators as customers considered more than price alone. And we may finally be at the point where these companies can grow again.
Image source: SunPower.
Source: Fool.com
Canadian Solar Inc. Stock
Our community is currently high on Canadian Solar Inc. with 10 Buy predictions and 4 Sell predictions.
Based on the current price of 15.89 € the target price of 44 € shows a potential of 176.9% for Canadian Solar Inc. which would more than double the current price.
