10 Best Clean Energy Stocks to Buy According to Billionaires

4. First Solar, Inc. (NASDAQ:FSLR)

Number of Billionaire Holders: 15

First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules. FSLR is unique among the ten largest solar manufacturers in the world for being the only US-based company and not manufacturing in China.

First Solar, Inc. (NASDAQ:FSLR) reported a revenue of $1.51 billion in Q4 2024, up 30.7% YoY and above market expectations by $33.54 million. However, the company’s EPS of $3.65 missed estimates by $1.08. Net sales for FY 2024 were $4.2 billion compared to $3.3 billion in the prior year, primarily driven by a higher volume of modules sold to third parties. Meanwhile, cash flows from operations were $1.2 billion in 2024 compared to $0.6 billion in 2023, and FSLR ended the year with a $1.2 billion net cash balance, up from $0.7 billion in the prior quarter.

First Solar, Inc. (NASDAQ:FSLR) is expecting to increase the company’s global nameplate manufacturing capacity to over 25 gigawatts by 2026 and is currently constructing a $1.1 billion manufacturing facility in Louisiana. The company has also come out as a clear winner from President Trump’s latest series of tariff announcements since its domestic production saves it from the wrath of a 54% tax on all Chinese imports.