First Solar Stock: Buy, Sell, or Hold?
First Solar (NASDAQ: FSLR) has been one of only a few success stories in the solar industry over the past decade. The company maintained a relatively strong position despite fierce competition from Chinese commodity solar panel manufacturers, and remained profitable for most of that time. More recently, it has been a huge beneficiary of subsidies related to the Inflation Reduction Act.
However, the landscape is changing for First Solar. Not only is the next administration less friendly to renewable energy subsidies, but the initial benefit of those subsidies may be declining. Is the stock still a great buy, or is the best behind for investors?
Over the past five years, First Solar stock is up an incredible 255%, but the company's performance doesn't tell the same growth story.
Source Fool.com
