Why It's Time to Buy First Solar Stock

Solar panel manufacturers have been among the hardest solar energy stocks to invest in over the past decade, with price competition and growing capacity in China hampering profitability across the board. Even a profitable leader like First Solar (NASDAQ: FSLR) has seen its stock fall 6% over the past 10 years, with an incredible amount of volatility in the process.

If you've been watching this industry from the sidelines, now is the time to get into First Solar stock, because the company is going back into growth mode. It's shed legacy assets that were weighing the company down and investing in what it does best, which is making industry-leading solar panels. A few years from now, we may look back and see this as the best solar energy stock in the industry.

Image source: First Solar.

Source Fool.com