This solar stock poised for upside on data center demand, Goldman says

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This solar stock poised for upside on data center demand, Goldman says

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are committed to carbon-free energy as they hyperscale data centers, Widmar said. On Wednesday,

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signed a deal to invest more than $10 billion on renewable energy capacity. However, it did not specify the suppliers or sources of that power. While First Solar did not disclose how much demand is coming from data centers, Chief Financial Officer Alexander Bradley said the company will be “the favored supplier to the projects that are going to be supplying power to these data centers for these kind of asset owners.” Widmar indicated First Solar could add another factory to its capacity if the company sees enduring demand through the rest of the decade and the policy environment stabilizes after the November U.S. presidential election. “We’ll be ready to go as quickly as possible,” Widmar told analysts.

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Climate,First Solar Inc,Investment strategy,Energy,Breaking News: Markets,Markets,Breaking News: Investing,business news
#solar #stock #poised #upside #data #center #demand #Goldman

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