First Solar Stock Has Returned 2x More Than The S&P Since 2017, Despite Dropping Sales

This article was originally published on Nasdaq

First Solar Inc. (NASDAQ: FSLR) stock price jumped more than 2x from around $67 at 2017 end to $135 currently, primarily due to favorable changes in its P/S multiple. Additionally, the company witnessed a drop in revenue over this period, and revenue per share has, in fact, dec