Shares of First Solar (NASDAQ: FSLR) recently hit a level they haven't seen in nearly a decade. The market has been pushing solar energy stocks higher, thanks to both improving economics from some companies and the hope that Joe Biden will win the presidency and bring with him a push for more renewable energy in the U.S.
The move is a little odd for a company that has shed a large chunk of its business over the last few years and doesn't have the growth opportunities some of its competitors have. So is First Solar's stock still a value today, or is this an overpriced stock? Let's take a look.
Source Fool.com