10 Best Wind Power and Solar Stocks To Invest In Now

4. First Solar, Inc. (NASDAQ:FSLR)  

Number of Hedge Fund Holders: 59  

First Solar, Inc. (NASDAQ:FSLR) is a global leader and pioneer in the development and manufacturing of thin photovoltaic (PV) solar energy solutions. The company focuses on utility-scale solar power plants and providing energy solutions to utilities and large corporations. The company is headquartered in Tempe, Arizona, and has a global presence with manufacturing facilities in the United States, Malaysia, and Vietnam.

On November 30, Reuters reported that the US Commerce Department announced a preliminary decision to impose tariffs ranging between 21.31% to 271.2% on solar panel imports from Malaysia, Cambodia, Vietnam, and Thailand. Major companies like Jinko Solar and Trina Solar will be affected whereas US manufacturers such as First Solar, Inc. (NASDAQ:FSLR), who face competition from cheap imports will benefit from these tariffs. The tariffs were sought by the American Alliance for Solar Manufacturing Trade Committee.

With the imposition of tariffs, US solar manufacturers are likely to see an increase in demand for their products, which could lead to an increase in production and revenue for companies such as First Solar, Inc. (NASDAQ:FSLR). The final determinations on the tariffs are expected to be made on April 18, 2025, with the International Trade Administration set to finalize its determinations on June 2, 2025.

First Solar, Inc. (NASDAQ:FSLR) is focused on advancing solar technology to improve efficiency and reduce costs. The company is launching its CuRe (Copper Replacement) technology, which is expected to improve module efficiency and reduce material costs. Additionally, First Solar, Inc. (NASDAQ:FSLR) is developing perovskite solar cells, a new technology that has the potential to further increase efficiency and reduce costs. The company’s investment in research and development is expected to drive innovation and growth in the solar industry.