10 Best Environmental Stocks To Invest In Right Now

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

Number of Hedge Fund Investors: 59

First Solar, Inc. (NASDAQ:FSLR) is a leading provider of solar energy solutions, specializing in thin-film photovoltaic (PV) technology. The company designs, manufactures, and installs large-scale solar power systems worldwide. First Solar, Inc. (NASDAQ:FSLR) serves utility-scale project developers, independent power producers, and energy companies, contributing significantly to the global shift toward renewable energy.

First Solar, Inc. (NASDAQ:FSLR) has made notable progress in expanding its manufacturing capacity and advancing its technological capabilities. The company recently opened its $1.1 billion manufacturing facility in Alabama, which is expected to add 3.5 gigawatts of vertically integrated solar production capacity once fully operational. Additionally, the company plans to commence operations at its Louisiana facility in the second half of 2025, aligning with its target of surpassing 14 gigawatts of annual U.S. capacity and over 25 gigawatts of global capacity by 2026.

First Solar, Inc. (NASDAQ:FSLR) remains at the forefront of next-generation thin-film photovoltaic technology development. The company is preparing to launch CuRe production at its Ohio facility, aiming to deliver approximately 0.4 gigawatts of CuRe products by Q1 2025. Furthermore, the company is advancing perovskite technology through a dedicated development line in Perrysburg, Ohio, designed to replicate in-line manufacturing conditions and accelerate innovation in this promising technology.