First Solar (FSLR) Wins Patent Challenge Against JinkoSolar, Mundra Solar, and Canadian Solar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Patent Victory: The U.S. Patent and Trademark Office denied three invalidation applications from JinkoSolar, Mundra Solar, and Canadian Solar, securing First Solar's TOPCon solar cell technology patents and reinforcing its market position.
- Legal Proceedings: First Solar's ongoing patent infringement lawsuits against the three companies in the U.S. District Court for Delaware demonstrate the company's commitment to protecting its intellectual property, potentially putting pressure on its competitors.
- Global Patent Coverage: First Solar's patents are valid in multiple countries, including the U.S., Australia, and Canada, with validity extending to 2030 and beyond, ensuring its technological edge in the global market.
- Future Growth Potential: With the confirmation of patent validity, First Solar can leverage its technological advantages to drive future business growth and market expansion, thereby enhancing investor confidence.
Analyst Views on CSIQ
Wall Street analysts forecast CSIQ stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSIQ is 20.14 USD with a low forecast of 5.58 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
2 Hold
5 Sell
Moderate Sell
Current: 21.740
Low
5.58
Averages
20.14
High
37.00
Current: 21.740
Low
5.58
Averages
20.14
High
37.00
About CSIQ
Canadian Solar Inc. is a Canada-based solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of solar energy and battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. It operates through two segments: Recurrent Energy, and CSI Solar. The Recurrent Energy segment is vertically integrated and focuses on greenfield origination, development, financing, execution, operations and maintenance, and asset management. The CSI Solar segment consists of solar module and battery energy storage manufacturing, and delivery of total system solutions, including inverters, solar system kits, and engineering, procurement, and construction (EPC) services. It has developed, built, and connected around 10 Giga Watt peak (GWp) of solar power projects and 3.3 GWh of battery energy storage projects across the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
