First Solar Inc. (FSLR)

Stockchase Research Editor: Michael O'Reilly

We reiterate this US domestic producer of solar panels as a TOP PICK.  The company is benefitting from $700 million tax credit incentives, allowing cash reserves to continue to grow.  It trades at 13x forward earnings and under 3x book value.  We recommend trailing up the stop (from $129) to $140, looking to achieve $228 -- upside potential over 30%.  Yield 0%

(Analysts’ price target is $228.24)

Stockchase Research Editor: Michael O'Reilly

Recently reported earnings for FSLR easily exceeded analyst expectations, thanks to a 27% increase in revenues.  Total US solar installs are up 20% on the year and analysts expect a bigger year of growth ahead in the industry.  FSLR trades at 12x forward earnings and under 3x book value.  We recommend placing a stop-loss at $129, looking to achieve $234 -- upside potential of 46%.  Yield 0%

(Analysts’ price target is $234.27)

(A Top Pick Jun 29/23, Up 23.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FSLR has triggered its stop at $180.  To remain disciplined, we recommend covering the position at this time.  Combined with the previous buy recommendations, this will result in a net investment gain of 31%.

(A Top Pick Jun 29/23, Up 51%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FSLR has achieved its $224 target.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $171) to $180.  

Stockchase Research Editor: Michael O'Reilly

We reiterate this solar module manufacturer as a TOP PICK.  As a US manufacturer, it is a major beneficiary of the Inflation Reduction Act tax incentives.  It has a growing order backlog.  We like that cash reserves are building while the company retires debt.  We continue to recommend a stop-loss at $171, looking to achieve $224 -- upside potential of 21%.  Yield 0%  

(Analysts’ price target is $224.24)

(A Top Pick May 02/23, Up 19.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FSLR has achieved its target at $214.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop to $171.  When combined with our previous recommendation, this investment has a net investment gain of 52% so far.    

Stockchase Research Editor: Michael O'Reilly

We reiterate this international manufacturer of solar power panels.  Although latest earnings did not meet analyst expectations, things are still solid.  Sales back logs show they are sold out of product until into 2026 -- this will bring steady revenue.  Cash reserves are growing and debt is being reduced.  We recommend keeping the stop-loss at $168, looking to achieve $214 -- upside potential of 21% from here.  Yield 0%

(Analysts’ price target is $214.15)

(A Top Pick Jun 14/22, Up 195%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FSLR is progressing well.  We now recommend trailing up the stop (from $155) to $168 at this time.  

(A Top Pick Jul 14/22, Up 132.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FSLR is progressing well.  To remain disciplined, we now recommend trailing up the stop (from $142) to $155.

(A Top Pick Jul 14/22, Up 152.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FSLR is progressing well. We now recommend trailing up the stop (from $134) to $142. If triggered this would result in a net investment gain of 101%.

(A Top Pick Jul 14/22, Up 122.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FSLR is progressing well. To remain disciplined, we recommend trailing up the stop to $134 at this time.

(A Top Pick Jul 14/22, Up 90.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FSLR is progressing well. To remain disciplined, we recommend trailing up the stop (from $90) to $112.

(A Top Pick Jul 14/22, Up 97.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK is progressing well. We now recommend trailing up the stop (from $65) to $90.