Why First Solar Is the Top Solar Stock Today
First Solar, Inc.'s (NASDAQ: FSLR) stock has been hit by the COVID-19 pandemic like most of the market, falling 37.5% so far this year. That's quite a bit worse than the S&P 500's 21.3% drop. But this solar stock may not be affected nearly as much as most companies.
Management recently said that it's planning to keep manufacturing operations in Ohio, Malaysia, and Vietnam operational unless government restrictions change. Combined with the net cash balance of $1.8 billion on the balance sheet, First Solar is set up to not only weather the current storm but thrive when it's over.
Image source: First Solar.
Source Fool.com
