Is First Solar Dirt Cheap Amid the AI Boom?
First Solar hasn't received as much love as other stocks riding the AI tailwind.
Is First Solar Dirt Cheap Amid the AI Boom?
Overview
First Solar (NASDAQ: FSLR) has been on an absolute roller coaster. It has more than tripled over the past five years, but that includes multiple 20% and 40% drops along the way.
Elon Musk has his eyes set on solar-powered AI data centers for SpaceX. Furthermore, the Solar Energy Industries Association released a report last year detailing how the U.S.'s AI leaders are investing billions of dollars into solar energy.
Details
Using solar energy as an AI data center power source can put less strain on the electric grid, and First Solar fits nicely into that objective. A 2% year-to-date drop in the stock price suggests that not every investor sees this opportunity quite yet.
Source
Originally published at www.fool.com.
