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Tempe, Arizona-based First Solar, Inc. (FSLR) is a solar technology company. It manufactures PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. With a market cap of $24.4 billion, First Solar's operations span the Americas, Europe, and Asia-Pacific.
Shares of the solar panel manufacturer have underperformed the broader market over the past year. Although FSLR stock rallied 21.1% over the past 52 weeks, it lagged behind the S&P 500 Index's ($SPX) 28.1% returns during the same time frame. However, in 2024, FSLR is up 27.8%, outperforming SPX’s 17.3% gains on a YTD basis.
