FSLR: solid solar energy play

First Solar's growth has largly come from a combination of decreasing their average cost of production and the increase demand in alt. energy. Their average cost of production is currently at $0.98 per watt, by comparison in 2004 their average was $3.00 per watt. This is the primary factor in the companies strong top and bottom line growth. Before 2008 almost all of First Solar's sales came from outside the U.S. mainly in Germany, but because of the high oil prices, global warming, etc. in 2008 the U.S has started to seek products from Fist Solar, so there is still a lot of growth.