3 Renewable Energy Stocks You Can Buy Now - First Solar

3- First Solar

In general, it may be one of the most logical investments for investors to turn to renewable energy producers for good risk opportunities. As the economic cycles that drive demand shift from growth to contraction, things will get harder, so it may be necessary to avoid companies that make equipment when choosing companies. And because of this shrinkage possibility, it has become much more difficult to find winners in the field of production. But the consensus in adoption of solar energy used at the service scale in recent years has helped soften some of this volatility. Leaders are now in a much better position to continue to lead.

This makes First Solar from several leading solar panel manufacturers as investment vehicles particularly interesting!

In addition to the above trends, the company may be preferred for a few reasons. First, company management has always prioritized having a very strong balance sheet. In its latest reported quarterly report, First Solar announced that it carried over $ 1.7 billion in cash and investments against debt of less than $ 300 million. This allows the company to continue investing in expanding its capacity and developing its technology following market cycles. This is something that many similar companies with less capital find difficult to do. The second is the company's thin film technology. This technology makes First Solar attractive for utility-scale projects and offers advantages that drive most global solar power distributions. The results are evident, First Solar exceeded its gross margin by 25 percent, achieving the highest profit margin rate in more than five years. Sales evaluations of 24 times the company's shares are reasonable, especially considering that global solar power distributions are expected to double in the next five years.   3 Renewable Energy Stocks You Can Buy Now - First Solar Source: https://www.fool.com/ You may also be interested in:

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