10 Best Solar Energy Stocks To Buy Now

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

Number of Hedge Fund Investors: 59

First Solar, Inc. (NASDAQ:FSLR) is a leading manufacturer of thin-film solar modules, primarily used in utility-scale solar projects. The company’s advanced photovoltaic technology delivers high energy efficiency and durability. First Solar, Inc. (NASDAQ:FSLR) generates revenue from selling solar modules, developing solar power plants, and offering operations and maintenance services. The company’s customers include utility-scale project developers, power plant owners, and government organizations.

First Solar, Inc. (NASDAQ:FSLR) has made significant strides in expanding its manufacturing capacity and technological capabilities. The company recently inaugurated its new $1.1 billion Alabama facility, which will add 3.5 gigawatts of vertically integrated solar manufacturing capacity when fully scaled. Additionally, the company is on track to begin operations at its Louisiana facility in the second half of 2025, contributing to its goal of achieving over 14 gigawatts of annual U.S. nameplate capacity and over 25 gigawatts of global nameplate capacity by 2026.

Furthermore, First Solar, Inc. (NASDAQ:FSLR) continues to lead in the development of next-generation thin-film photovoltaic technologies. The company is launching CuRe production at its Ohio facility, with plans to produce and sell approximately 0.4 gigawatts of CuRe product by Q1 of 2025. The company is also advancing its perovskite technology through a new development line in Perrysburg, Ohio, which will simulate in-line manufacturing conditions and accelerate the development of this breakthrough technology.