A winner from the BP oil spill

Aggressive Growth Stock – First Solar (NASDAQ:FSLR)

I mentioned in the last post that I expect the Oil services industry to get hammered due to the BP oil spill. This leaves me to seek opportunities in the renewable energy services sector. Solar, Wind and even Natural Gas (with the endorsement by Obama) may be the power giants of the future.

Future of Oil projections:

-Oil extracting will be very costly, as companies must follow regulation and may be hit with new taxes.
-This will be passed down to consumers making oil costly for the end user.
-The current state of the economy cannot handle another large increase in oil prices.

This leads me to the conclusion that alternative energy has to grow, aggressively. Hybrid batteries are not excluded - Azure Dynamics Corporation (Public, TSE:AZD) is a speculative stock I keep a close eye on. I will do a in depth analysis of this company on a later day.

Price as of this posting: 

 

About FirstSolar:

First Solar originally operated as a Delaware limited liability company from 1999 until 2006. First Solar, Inc. was then incorporated in Delaware on February 22, 2006. First Solar's initial public offering was on November 17, 2006. First Solar's initial public offering was on November 17, 2006. FSLR has the leading technology for Solar Panels today. Clean, Affordable and Sustainable are three words that describe the companies goals to the end consumer. First Solar deals with Utility, Commercial and Residential as for other solar companies I have found to do one or two out of the three. First Solar also is the only Solar company that deal with recycling its own products, Now thats going green!  FSLR is currently holding $714.17 Million as of last quarter and holds $162.48 of debt. It is currently trading at a low P/E of 15.46.

 

 Mr.Stock Picks Price Target for FSLR: $180

Year over year earnings starting from right to left (2006 - 2009)

Diluted Normalized EPS:                      7.78               4.25             2.03                .06

The growth rate has been great, it may slow but I still see aggressive global growth.

Mr. Stock Picks Conclusion:

Seeing how FSLR’s exposure being significant in Europe in order to buy this stock you must believe in the recovery in Europe. I feel this recovery will surprise everyone and the Euro will once again be strong. The global growth along with problems in the oil service sector are just added reasons for the future of this company. Not to mention the company's financial health is well.

Some of FSLR's Solar Panels:

This stock is put on my buy list, and I am keeping a very close eye on it.

Mr. StockPick

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These are brief explanations if you have any questions or would like additional information please contact me directly through the blog. Leave your email and I will try to respond quickly. These are just opinions of mine and you should not use a specific opinion to make an investment. Investors should be aware of the risk involved in making investments.