China's Record Installations Could Save Solar Stocks in 2017
2016 was a record year for the U.S. solar industry, installing 14.6 GW of new solar projects, nearly double the 7.5 GW installed the year before. But that's nothing compared to what China is doing.
In 2016, China installed 34.5 GW of solar, and in the second quarter of 2017 alone it may have installed 18 GW of new solar capacity. That's what independent solar analyst Corrine Lin reported in PV Magazine this week, or nearly one-fifth of all solar installed in the world in 2016. And China could be headed for a year with as much as 40 GW of new solar installations.
Image source: SunPower.
Source: Fool.com
First Solar Inc. Stock
€195.42
8.660%
The stock is one of the favorites of our community with 39 Buy predictions and 1 Sell predictions.
As a result the target price of 222 € shows a slightly positive potential of 13.6% compared to the current price of 195.42 € for First Solar Inc..
