First Solar Stock Outlook: Is Wall Street Bullish or Bearish?

First Solar, Inc. (FSLR) is a leading American manufacturer of thin-film photovoltaic solar modules using cadmium telluride (CdTe) technology. Headquartered in Tempe, Arizona, the company operates a vertically integrated model that covers design, manufacturing, sales, and services, including project development, EPC, and O&M for utility-scale solar plants worldwide. The company has a market capitalization of $25.55 billion. 

First Solar’s stock has reaped the gains from strong solar demand and the Inflation Reduction Act incentives. Over the past 52 weeks, the stock has gained 43.2%, while the broader S&P 500 index ($SPX) is up 14% over the same period.