“The pricing environment could be inflecting soon... renewables demand from data centers represents a meaningful portion of FSLR’s demand mix.”

 “As the demand picture continues to improve, management discussed the potential for adding incremental factories, which we view as a key catalyst.”

 “First Solar remains undervalued due to its status as the go-to company for U.S. customers seeking domestically produced modules.”

 “U.S. power demand (is) likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth.”

 “Analysts estimate that about 47 GW of additional power generation capacity will be necessary to accommodate the growth in U.S. data center power demand by 2030.”

 “There could be meaningful upside to our base case if appetite for purchase and utilization of servers is unconstrained.”

 “There could be downside to our base case if power efficiency is higher than expected or if power/compute speed efficiencies lead to fewer servers purchased than expected.”

 “Few large cap REITs exhibit high single digit compound AFFO growth potential over the next 3 years and fewer still are inflecting to such extent.”

 “Expanding margins and asset turnover boosted the S&P 500′s trailing four-quarter return on equity to 20.8% last year, pushing the measure into its 98th percentile versus history... We expect strong economic growth of 2.9% in 2024 (annual average) and higher profits for the Info Tech and Comm.”