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3 Reasons to Buy First Solar Stock

·3 min read
3 Reasons to Buy First Solar Stock

Shares of First Solar (NASDAQ: FSLR) have nearly doubled in a month on the back of strong earnings and the passage of the Inflation Reduction Act, and this may just be the start of the company's momentum. First Solar is building two new manufacturing plants at a time when solar panel prices are rising, and demand is growing around the world. The thin-film solar panels First Solar makes work better in extreme conditions, like in deserts or near coastlines, and that's allowed the company to charge a premium versus commodity crystalline silicon solar panels.