First Solar Isn’t Taking Chances on Tariff Dispute
First Solar, Inc. (NASDAQ: FSLR) could be the only solar panel supplier with significant capacity to serve the U.S. solar market with tariff-free panels from 2018 to 2022, and it's already taking advantage of that position. If President Trump decides to put extreme tariffs on solar imports it could affect every major solar manufacturer, except First Solar's thin-film panels.
The result has been a flood of purchasing activity in 2017, which has driven panel prices higher as developers try to lock up any tariff-free supply they can in 2018 and beyond. But First Solar isn't waiting to see what the tariff ruling looks like: it's booking every sale it can while demand is strong.
Image source: First Solar.
Source: Fool.com
First Solar Inc. Stock
€165.22
-0.960%
The stock is one of the favorites of our community with 27 Buy predictions and 1 Sell predictions.
As a result the target price of 217 € shows a positive potential of 31.34% compared to the current price of 165.22 € for First Solar Inc..
