10 Stocks with Potential to Explode in 2025

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

Average Upside Potential: ~113.2%

Number of Hedge Fund Holders: 65

First Solar, Inc. (NASDAQ:FSLR) is a solar technology company that provides photovoltaic (PV) solar energy solutions. Analyst Ameet Thakkar from BMO Capital reiterated a “Buy” rating on the company’s stock. The analyst’s rating is backed by factors that demonstrate the company’s potential for growth and value. The positive revenue outlook is expected to ease the pressure on its stock price in the short term. As per the analyst, the factors impacting the margins are temporary. First Solar, Inc. (NASDAQ:FSLR)’s strategic position as the leading US solar module producer under the IRA provides several advantages, such as higher earnings potential and backlog growth.

Elsewhere, Jeff Osborne, an analyst from TD Cowen, maintained a “Buy” rating on the company’s stock with the associated price target of $275.00. The rating stems from the factors showcasing growth potential and stability. The analyst has highlighted the importance of First Solar, Inc. (NASDAQ:FSLR)’s progress in improving its manufacturing capacity, mainly in the US. Notably, strong domestic content requirements in the US solar market can benefit First Solar, Inc. (NASDAQ:FSLR) considering its healthy US manufacturing presence. Despite maintaining a highly selective approach to bookings, the company expanded its manufacturing capacity by commissioning the Alabama facility and progressed construction of its new Louisiana facility. Furthermore, First Solar, Inc. (NASDAQ:FSLR) established the infrastructure it expects will accelerate innovation with a new R&D center in Ohio.