What Does First Solar's Future Really Look Like?
First Solar Inc. (NASDAQ: FSLR) is clearly the most valuable solar manufacturer in the world today. The company has built the most profitable business in solar energy on the back of thin-film technology that no one else could make work at scale and has become a go-to partner for utility-scale developers.
The company is also going into its biggest business transition ever. It's spending about $1 billion to upgrade from a product called Series 4 to a new solar module called Series 6, which is a larger form factor, higher-efficiency solar module, and aims to lower costs to install than its predecessor. It's a big bet that First Solar has to get right, and here's where we can expect First Solar to be when the upgrades are complete.
Image source: First Solar.
Source: Fool.com
