10 Best Climate Change Stocks to Buy Now

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

Number of Hedge Fund Holders: 65

First Solar, Inc. (NASDAQ:FSLR) is a leading American manufacturer of photovoltaic solar modules, specializing in thin-film technology. The company serves utility-scale developers and operators, offering solar panels that convert sunlight into electricity.

In February 2025, First Solar, Inc. (NASDAQ:FSLR) reported strong financial results for Q4 2024, with net sales of $1.5 billion, marking a $0.6 billion increase from the previous quarter. The company also provided an optimistic outlook for 2025, forecasting net sales between $5.3 billion and $5.8 billion, approximately 32% higher than the previous year and surpassing Wall Street estimates. First Solar’s stock has experienced a decline of approximately 25.73% year-to-date as of March 2025.

In February 2025, the company filed a lawsuit against JinkoSolar, alleging infringement of its TOPCon technology patent, reinforcing its commitment to protecting intellectual property.

First Solar, Inc. (NASDAQ:FSLR) has delivered a strong 5-year return of 233.62%. Among 38 ratings, 87% recommend a Buy, with an average price target of $243.40—implying a 98.95% upside potential. The company reported $4.21 billion in total revenue, marking a 26.75% YoY increase.

With strong fundamentals and policy tailwinds, FSLR remains a top renewable energy stock.