5N Plus Expands Critical Materials Supply Agreement with First Solar

5N Plus ( (TSE:VNP) ) has issued an announcement.

5N Plus Inc. has expanded its supply agreement with First Solar, reflecting increased commitments for semiconductor compounds, specifically cadmium telluride (CdTe) and cadmium selenide (CdSe), to support First Solar’s growing U.S. manufacturing capacity. This agreement underscores the strength of their collaboration and aligns with First Solar’s strategy to source critical materials from American or allied sources. The expansion is facilitated by 5N Plus’s manufacturing flexibility and recent production enhancements in Canada and Germany, reinforcing its position as a trusted partner in the solar technology sector.

The most recent analyst rating on (TSE:VNP) stock is a Buy with a C$7.25 price target. To see the full list of analyst forecasts on 5N Plus stock, see the TSE:VNP Stock Forecast page.

Spark’s Take on TSE:VNP Stock

According to Spark, TipRanks’ AI Analyst, TSE:VNP is a Neutral.

The overall score reflects a strong financial performance and positive earnings call, indicating robust growth and profitability. However, high valuation metrics and overbought technical indicators pose risks, suggesting potential volatility and limited upside in the near term.

To see Spark’s full report on TSE:VNP stock, click here.

More about 5N Plus

5N Plus Inc. is a leading global producer of specialty semiconductors and performance materials. The company’s ultra-pure materials are integral to its customers’ products, supporting performance and sustainability across various industries, including renewable energy, security, space, pharmaceuticals, medical imaging, and industrial sectors. Headquartered in Montréal, Quebec, 5N Plus operates R&D, manufacturing, and commercial centers worldwide, including in Europe, North America, and Asia.

Average Trading Volume: 299,314

Technical Sentiment Signal: Buy

Current Market Cap: C$1.11B

For detailed information about VNP stock, go to TipRanks’ Stock Analysis page.