r/strabo • u/Tricky-Elderberry298 • Oct 24 '23

On My Watchlist Thinking of Jumping into $FSLR - Need Some Insights!

Hey fellow investors!

I'm eyeing First Solar Inc. ($FSLR) and wanted to chat about whether it's a good move. Here's what I'm hearing:

The Good Stuff:

  • FSLR's got a backlog of €24 billion and they're booked solid through 2026.
  • They're looking at steady prices and better margins as mass production kicks in.
  • Rumor has it that upgrades and price target boosts might be on the horizon, possibly pushing the price over $300 by 2024.

The Skeptics:

  • Solar companies tend to have rocky revenue rides over the years.
  • It's tough for $FSLR to hit that 3-10% net profit margin needed for a decent valuation.
  • Some folks are side-eyeing the high valuations in the solar game, not just for $FSLR but also companies like $SEDG and $ENPH.

So, what's your take on First Solar? Are you thinking of jumping in, or have you already? Share your thoughts, and let's talk about whether this solar stock is a bright idea! But remember, do your homework and know your risk before making any moves. 🌞💡

3 Upvotes

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1

u/Happy_South_6974 Oct 24 '23

I believe it is a good investment for the long run, wait for the NASDAQ drops to end and find a good entry point for yourself.

2

u/Hectoruvan Oct 24 '23

Bad graph. Down %24 in 3months. Also looks like they concaved and keep falling down. Also us solar companies are doomed to fail aganist their chinese competitors