First Solar's Malaysian Suppliers
Shares of solar manufacturer First Solar surged on Wednesday, reaching their highest level in over a decade, amid a broad rally in solar stocks. U.S.-based solar companies are benefiting from optimism surrounding new tariffs on Chinese solar cell imports. Additionally, First Solar stock received a boost from a bullish report identifying the company as a potential AI winner, leading to an 18.7% gain.
Did you know there are three listed companies on Bursa that are the suppliers of First Solar? Could they benefit from this surge?
馃搶 $PA / 7225 (P.A. RESOURCES BERHAD)
PA is an aluminum extruder that produces semi-finished aluminum products, including aluminum billets. The company operates across three segments: upstream (in-house recycling and billet manufacturing), midstream (extrusion of aluminum profiles and products), and downstream (various finishing processes). In January 2024, P.A. Resources secured an extension of its supply agreement with First Solar, Inc., First Solar Malaysia Sdn Bhd, and First Solar Vietnam Manufacturing Co. Ltd to provide materials for photovoltaic module production.
馃搶 $GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD)
GREATEC is an automation solutions provider specializing in factory automation. The company manufactures equipment for automating production processes, including single automated equipment and complete production line systems. Their products are used in the manufacturing of solar modules, semiconductors, and consumer electronics. First Solar is GREATEC's largest customer, for whom they supply photovoltaics and thin-film module technology for the solar industry.
馃搶 $MASTER / 7029 (MASTER-PACK GROUP BERHAD)
MASTER is an investment holding company engaged in the manufacture and sale of corrugated fiberboard cartons and packaging materials. The company鈥檚 core activities include producing various types of packaging materials, such as sheet board, slotted cartons, and palletized shipping containers. First Solar is MASTER's largest customer, contributing 46.1% of the company's FY23 revenue.
Additionally, $KOBAY / 6971 (KOBAY TECHNOLOGY BERHAD) is known as one of the supplier of First Solar, although this has not been confirmed.
