First Solar set for strong growth as market shifts focus back to fundamentals

First Solar (FSLR) has underperformed the S&P 500 since February despite positive policy support and steady guidance. The company's valuation, excluding a 45X outlier, is reasonable with EV/EBITDA between 20x-25x, and both revenue and profit margins are expected to improve significantly. Reduced regulatory and political uncertainties have allowed investors to refocus on First Solar's core business strengths. The analyst remains bullish, anticipating FSLR to outperform as external market volatility decreases and fundamental business performance gains attention.