If you're among the few who actually has money to invest in the stock market's (hopefully) rock bottom prices--the best bet in the renewable energy industry is said to be First Solar.
Here's what Forbes says:
For now, almost everyone's favourite pick remains First Solar (nasdaq: FSLR - news - people ), which has everything going for it except perhaps valuation, they say. The company is often compared to Intel Corp (nasdaq: INTC - news - people ) , on which it has modelled its manufacturing strategy for making solar cells.
First Solar produces solar cells used to form photovoltaic panels at a cost approaching $1.00 per watt compared to the $2.50/watt industry average, analysts say. Gross margins remain intact around 50 percent while other players face compression.
"If you want to play one stock in the U.S., Europe or China, it has to be First Solar," says Mark Bachman of Pacific Crest Securities in Portland, Oregon.
Valuation has long been First Solar's thorn. But the stock, which traded above $300 earlier this year and at a valuation as high as 140 times forward forecasts, has seen its valuation sink to 17.5 times next year's consensus profit forecast.
