Solar Stocks Are a Great Buy Again
It's been a rough few years for solar stocks, despite the fact that adoption of solar energy is booming around the world. This year alone, 100 GW of solar are expected to be installed, enough to power 16.4 million U.S. homes, and the industry is just starting to grow in markets like the Middle East, Africa, and India.
The industry's growth hasn't led to profits for solar investors over the last few years, but that may start to change in 2017. Companies like First Solar (NASDAQ: FSLR) and SunPower (NASDAQ: SPWR) are improving their solar panel efficiency and developing turnkey solutions that can be sold to developers. All solar manufacturers are reducing their exposure to the project development business, which was a windfall for a while but became a headache in the last few years. And manufacturers like Canadian Solar (NASDAQ: CSIQ), Hanwha Q-Cells (NASDAQ: HQCL), and JA Solar (NASDAQ: JASO) are now too cheap to ignore. Long-term, the industry is maturing, and investors should take another look at where solar companies stand today.
Source: Fool.com
First Solar Inc. Stock
The stock is one of the favorites of our community with 39 Buy predictions and 1 Sell predictions.
However, we have a potential of -4.58% for First Solar Inc. as the target price of 222 € is below the current price of 232.65 €.
