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First Solar's business is driven by subsidies, which may not be sustainable.
First Solar (FSLR -0.02%) is one of the most valuable companies in the solar industry, but U.S. subsidies drive its profits. Is that sustainable? Travis Hoium shows why this may be the top for the stock based on recent numbers from the company.
*Stock prices used were end-of-day prices of Nov. 4, 2024. The video was published on Nov. 4, 2024.
Travis Hoium has positions in First Solar. The Motley Fool recommends First Solar. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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