Are you looking to invest in a company that is uniquely positioned to benefit from the rising demand for clean energy to power the proliferation of data centers driven by artificial intelligence? Look no further than First Solar. At Extreme Investor Network, we believe that First Solar is a compelling investment opportunity that deserves a closer look.
According to analysts at UBS, First Solar’s earnings are expected to surge by a staggering 374% to $36.74 per share in 2027. This growth is driven by the increasing demand for electricity from artificial intelligence, with Big Tech companies like Amazon, Microsoft, Meta, and Alphabet’s Google unit committing to buying renewable power to match their consumption. As a result, utility-scale solar, in which First Solar is a key player, has become a major focus for these tech giants.
But what sets First Solar apart from its competitors? Unlike traditional silicon-based solar module manufacturers, First Solar produces thin-film solar modules, giving it a competitive technological advantage in the face of U.S. protectionism targeting Chinese silicon modules. Furthermore, First Solar is vertically integrated with its own supply chain, allowing for faster production capacity ramp-up compared to competitors with fragmented supply chains.
Looking ahead, UBS projects that First Solar’s production capacity will surge from 3.9 gigawatts last year to 13.1 gigawatts by 2030. This growth, coupled with the company’s plans to triple capacity with new factories in Ohio, Alabama, and Louisiana, positions First Solar as a key player in the clean energy market.
Analysts at Goldman Sachs are also bullish on First Solar, raising their price target to $268, which implies a 36% upside from Monday’s close. With CEO Mark Widmar seeing a “meaningful increase in demand expectations driven in part by data center load growth,” and CFO Alexander Bradley noting that First Solar will be “the favored supplier to the projects supplying power to these data centers,” the future looks bright for First Solar investors.
At Extreme Investor Network, we believe that First Solar’s unique positioning in the clean energy market makes it an attractive investment opportunity for those looking to capitalize on the growing demand for renewable energy sources. Don’t miss out on this potential growth opportunity – consider adding First Solar to your investment portfolio today.