As the global economy slows, First Solar, Inc. (NASDAQ:FSLR) may become the preferred pick in its sector. The reason is simple: FSLR stock can weather an economic downturn better than many of its rivals.
But instead of selling full projects to utilities, as companies like First Solar have done in the past, they're selling majority stakes and the tax benefits but keeping a minority stake and the long-term cash flows.
The latest company that has made a place in the list of Zacks value stocks is First Solar, Inc. (NASDAQ:FSLR). Value stocks investors look for stocks that are assumed trading at lower price levels as compared to company's fundamentals.