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Comparing First Solar, SunRun, and SunPower’s Valuations

Comparing First Solar, SunRun, and SunPower’s Valuations

First Solar (FSLR) stock is trading at a forward EV-to-EBITDA multiple of 4x based on analysts’ earnings estimates for 2019. First Solar’s five-year historical average valuation is ~6x. The stock appears to be trading at a discounted valuation compared to its peers and its historical average.