First Solar (NASDAQ: FSLR) is undoubtedly one of the leaders in solar-panel manufacturing. The company's thin-film solar panels now have a cost and efficiency lead over many commodity competitors, and U.S. manufacturing that was once a hinderance to the business is now an advantage due to subsidies. 

The company's growth plans have also increased dramatically in recent years, both domestically and abroad. The question for investors is whether that growth is worth the price First Solar's stock currently trades at. 

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Source Fool.com