The solar industry is going to have a tumultuous year, and there may not be many winners to choose from. A report by the Department of Labor said that 106,000 clean energy workers lost their jobs in March, and a big chunk of those were likely in the solar industry, showing just how quickly the industry can be affected by an economic downturn.
With current social restrictions, small installers will have a hard time selling residential solar door-to-door, and large solar developers may have projects pushed back because electricity demand has plunged during the COVID-19 pandemic. Then there are manufacturing shutdowns across the world that will affect nearly every manufacturer.
Amid all of the challenges, though, there's one company built to survive and thrive, and that's First Solar (NASDAQ: FSLR).
Source Fool.com