Post by
Acura001 on May 21, 2024 12:57pm
First Solar insight and Junior Solar company to watch
First Solar Inc. is a great company for several reasons:
1. Renewable Energy Leader: First Solar is a global leader in manufacturing and developing advanced solar energy solutions. They are committed to sustainable energy practices, reducing carbon emissions, and mitigating the impact of climate change.
2. Technological Innovation: The company has pioneered thin-film solar technology, which offers higher energy conversion efficiency and lower manufacturing costs compared to traditional solar panels. Their continuous focus on research and development keeps them at the forefront of solar innovation.
3. Environmental Responsibility: First Solar's manufacturing process emphasizes the use of non-toxic materials, reducing environmental impact. They actively promote recycling and have implemented initiatives to minimize waste and conserve resources.
4. Long-Term Sustainability: With a strong financial position and a proven track record, First Solar has demonstrated its ability to thrive in the renewable energy sector. Their commitment to sustainable practices ensures long-term viability and growth.
5. Global Reach: First Solar operates in multiple countries, contributing to the global transition towards clean energy. Their projects have a positive impact on local economies, creating jobs and fostering sustainable development.
Overall, First Solar Inc. stands out as a great company due to its commitment to renewable energy, technological advancements, environmental responsibility, long-term sustainability, and global impact.
The solar industry is set to explode in the next 10 years. Small players like Solar Alliance Energy SOLR are set to explode in SP Values comparable to First Solar Currently Trading at 5 cents with Profitable Quarters. Here is the last CEO report listed bellow.
- Solar Alliance is a fast growing developer of commercial solar projects in the US and Canada. They design, engineer, construct and manage solar installations.
- In 2021 revenue was $4.8 million. In 2022 it grew to $7.5 million, a 55% increase, due to larger commercial projects. Their focus is on the commercial solar market with projects ranging from $500k to $10 million.
- They reduced expenses last year through salary cuts, lower overhead, and selling two owned projects in New York at a loss.
- Growth targets include revenue of $8-8.5 million, larger project sales, expanding grant opportunities, and assessing a 77MW potential wind project in BC.
- Supply chain issues caused by COVID inflated costs initially but prices have come down. Inflation and interest rates haven't noticeably impacted customer decisions so far.
- Cash flow management is important as they finance materials between receiving customer payments. Faster project cycles would improve margins.
- A $1 million financing will allow faster materials purchases and project times to further accelerate growth while developing the wind project.