We came across a bullish thesis on First Solar, Inc. (FSLR) on Substack by Oliver | MMMT Wealth. In this article, we will summarize the bulls’ thesis on FSLR. First Solar, Inc. (FSLR)'s share was trading at $130.05 as of April 7^th. FSLR’s trailing and forward P/E were 10.83 and 7.05 respectively according to Yahoo Finance.

An aerial view of a solar power plant, the sun's rays illuminating the surrounding landscape.

First Solar (FSLR) is a U.S.-based solar panel manufacturer and the only company among the top 10 in the industry that uses cadmium telluride (CdTe) technology instead of the more common crystalline silicon (c-Si). CdTe offers key advantages: it is less reliant on China, which controls about 80% of the c-Si supply chain, and it delivers greater long-term reliability, with panels lasting around nine years longer. These factors, combined with recent U.S. tariff policies imposing a 39% duty on c-Si imports from China and Southeast Asia, significantly strengthen FSLR’s competitive edge. The company has responded more positively than peers to this news, suggesting a market realization of its strategic value. While some of its modules are still imported from India and Malaysia, which could put pressure on margins, the broader impact of protectionist trade policy clearly tilts in FSLR’s favor. A renewed “buy American” push, particularly under a potential second Trump administration, could further accelerate domestic demand. As global solar supply chains face scrutiny and disruption, FSLR’s domestic footprint, technological differentiation, and insulation from Chinese supply dominance make it a compelling investment opportunity. The company is well-positioned to benefit from shifting geopolitical dynamics and rising demand for U.S.-manufactured clean energy solutions.

First Solar, Inc. (FSLR) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held FSLR at the end of the fourth quarter which was 59 in the previous quarter. While we acknowledge the risk and potential of FSLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.