3/28/2023 0 Comments Clean energy stock![]() ![]() ![]() Howard Smith (XL Fleet): When investors study the electrification of transportation, most thoughts go to popular electric-vehicle (EV) makers like Tesla ( TSLA -1.43%) or the myriad of EV makers that have gone public through special purpose acquisition companies (SPACs). That's served the company well, and given how cheap the stock is, I think it makes shares a good buy today. And with the cost improvements from competing silicon solar panels seeming to level out, we may not see the pricing pressure of the last decade in solar manufacturing.Īs some solar companies try to expand the services they provide to the market, First Solar is specializing in what it does best: produce solar panels. If the solar industry continues to grow, the company could have a chance to increase production further. Given the current stock price, that's a price-to-earnings multiple of 22, which is cheap for a renewable energy stock today.įirst Solar has proven that it has solar panels that can command a premium in the market and has increased production quickly to meet demand. During the third quarter 2020 earnings release, management said it expects to close the year with $1.2 billion to $1.3 billion of net cash on the balance sheet and $3.65 to $4.15 per share in earnings. Travis Hoium (First Solar): Very few renewable energy companies have the history of profitable operations and rock-solid balance sheet that First Solar has. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |