First Solar, Inc. (FSLR) Competitors: 2 Rivals In The Solar Energy Sector

First Solar, Inc. (FSLR) Competitors: 2 Rivals In The Solar Energy Sector

First Solar, Inc. (FSLR) offers renewable energy solutions targeting unserved communities in the country. The company leads in the production of eco-efficient, high-performance, and high-quality photovoltaic (PV) modules which are vital in enhancing the efficiency and productivity of solar panels. Additionally, the company supports the realization of clean energy grids by supporting the distributed generation of sustainable power. From a small solar producer in Ohio, First Solar, Inc. (FSLR) has since gone global and is now present in 45 countries.

However, First Solar, Inc. (FSLR) is facing stiff competition from other clean energy solutions providers in the otherwise small industry that is valued at over $1 billion. Nonetheless, the industry CAGR is 8.3% and the growth is expected to accelerate as more countries commit to zero carbon emissions.

SunPower Corporation (SPWR)

SunPower Corporation  SPWR
ADVERTISEMENT

The company offers domestic and commercial solutions for clean energy to home and business owners guaranteeing quality, sustainability, and savings. Its products are differentiated from First Solar, Inc. (FSLR) services as it focuses on the integration of technology in designing solar systems. However, the company does not have an international presence and does not operate in a few States.

The market capitalization of First Solar, Inc. (FSLR) is $9.149B compared to SunPower Corporation (SPWR) $4 billion. The SPWR stock is volatile compared to FSLR. The SPWR is trading at about $23 and the 52-week average is 5.98 - 57.52. The stock is seemingly in a correction mode after the February meteoric rise to $57. On the other hand, FSLR is trading at 90.04 which is in the upper quartile of the 52-week range of 58.34 - 112.50.

On profitability, the First Solar, Inc. (FSLR) net sales in the first quarter of 2021 grew by 23% to hit $803 million compared to a similar period last year. SPWR comparably grew its quarter sales by 5% from $280 million in 2020 to $308 million in Q1 2021.

Sunrun Inc. (RUN)

Sunrun Inc
ADVERTISEMENT

Sunrun Inc. (RUN) is a residential solar energy solutions provider promising its clients to give them control over rising energy costs. Apart from selling solar systems, the company has flexible payment options that allow property owners to lease solar systems or even to pay for installation and purchase costs every month. The people-driven approach to business gives the company a slight edge in customer service in comparison to SunPower Corporation (SPWR) and the model is ideal for the company's going concern.

Consequently, the RUN stock is favorable and the market capitalization of $9.497B is larger than FSLR market capitalization. However, the shares are more volatile as the stock price of $48.7 is below the median of the 52 Week Range which ranges from 34.88 to 100.9. On the other hand, the 2020 revenue of below $1 billion is expected to grow at a faster pace since the Q1 sales were $335 million compared to $211 million in 2020.

Up Next!