First Solar Inc. (NASDAQ: FSLR) stock price jumped more than 75% from around $42 in 2018 end to $75 currently, primarily due to favorable changes in its P/S multiple.

First Solar stock price jumped almost 3.5x from $56 at the end of 2019 to $193 currently, primarily due to favorable changes in its P/S multiple. However..

Miniatures of solar panel and electric pole are seen in front of First Solar logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab.

First Solar (NASDAQ: FSLR) derives its revenue from two divisions (1) Photovoltaic Systems, and (2) Photovoltaic Modules, which are expected to contribute roughly $2.4 billion (73%) and $0.9 ...