Business Wire
28 Oct 2026, 21:46 UTC · 2h ago
First Solar Inaugurates First Phase of South Carolina Production Facility
Impact · against what's priced in
The opening of the South Carolina facility provides concrete evidence of the capacity expansion needed to monetize First Solar's massive backlog, which the market is currently discounting. While the investment is modest, the 3.4 GW nameplate capacity target supports the bull case for revenue growth exceeding the 3.9% CAGR the price currently assumes.
- FSLR+0.20
Challenges what's priced in
- The price assumes
Conversion of the 45.1 GW contracted backlog into revenue above the 3.9% CAGR path
The market currently refuses to pay for the backlog upside, but the inauguration of this facility and the mid-2027 target of 3.4 GW capacity provides the physical infrastructure necessary to accelerate revenue beyond the 3.9% CAGR the price assumes.
What FSLR's price assumes · Sep 4
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