First Solar, Inc. (FSLR): This solar module and systems company experienced a challenging first half year in 2022, encountering issues that ranged from supply chain disruptions, to cost inflation. Despite posting a disappointing earnings report in late October, the increased bookings, strong pricing and announced investment in a next-generation solar facility provided much to bolster the company’s positive outlook. Performance on these metrics is used to support Nia’s internal financial model estimates, which in this example would be reflected in top-line growth, expenses, the discount rate, as well as the valuation multiple.