What Is Driving Growth For First Solar?
First Solar‘s stock has been on a tear, rising by close to 20% over the last two weeks, after the company provided stellar financial guidance for fiscal year 2015 and 2016. However, the company’s bullish outlook comes at a time when its primary business of building utility-scale solar power plants in the United States has showed some signs of slowing down. This is likely to impact First Solar since it derives over two-thirds of its revenues from utility-scale projects.
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