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As the renewable energy sector continues to expand, First Solar, Inc. (NASDAQ:FSLR) has emerged as a prominent player in the solar industry. With a focus on the manufacture of thin-film solar panels and utility-scale photovoltaic (PV) systems, the company has attracted attention from Wall Street for its strategic positioning and financial performance.
First Solar has established a solid presence in the utility-scale solar equipment market, particularly in the United States. Analysts have noted the company's strong execution track record and its resilience to broader economic concerns. Its focus on utility rather than residential solar sets it apart from competitors, insulating it from industry challenges such as soft residential demand and interest rate volatility.
The company's stock has been performing well, despite fluctuations in the broader market. Analysts have highlighted First Solar's contracted backlog, which extends through the end of the decade, and full sales out to 2026, providing exceptional visibility compared to its peers.
First Solar specializes in CdTe (cadmium telluride) thin-film modules, known for using less semiconductor material than traditional crystalline silicon
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