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1) SOLAR, FIRST SOLAR & MALAYSIA.
US solar capacity may more than double in 5 years. US First Solar’s sales rose by 70%, driven by strong fleet-wide production with 100% production capacity across all its factories, and expect ?? Malaysia’s factory to start up in 2021.
2) SOLAR PANELS, USUALLY PACKAGED IN CORRUGATED BOXES.
Solar panels are usually packaged in corrugated cardboard boxes.
3) MASTER.
MASTER is a corrugated packaging manufacturer with value-added services. First Solar could be MASTER’s clients. In 2011, First Solar recognised MASTER as one of their Top Suppliers. As of FY2019, solar industry makes up 67% of MASTER’S revenue.
DISCLAIMER
Our study notes are for sharing purpose only. There is no BUY/SELL recommendation.
