11 Best Renewable Energy Stocks To Buy Now

4. 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 designed for utility-scale solar projects. The company’s advanced photovoltaic technology offers high energy efficiency and exceptional durability. First Solar, Inc. (NASDAQ:FSLR) generates revenue through the sale of solar modules, the development of solar power plants, and the provision of operations and maintenance services. Its customer base includes utility-scale project developers, power plant owners, and government organizations.

First Solar, Inc. (NASDAQ:FSLR) is taking proactive steps to protect its intellectual property and differentiate itself in a highly competitive market. The company possesses a robust TOPCon patent portfolio, which it has begun to leverage through outreach to various solar manufacturers, notifying them of potential infringement issues and reserving its rights. By securing and enforcing its intellectual property rights, First Solar, Inc. (NASDAQ:FSLR) aims to safeguard its competitive advantage and ensure that its unique value proposition is recognized and respected by all market participants.

First Solar, Inc. (NASDAQ:FSLR) is also focusing on expanding its technological capabilities and manufacturing capacity to achieve its goal of surpassing 14 gigawatts of annual U.S. capacity and over 25 gigawatts of global capacity by 2026. The company is advancing its perovskite technology through a new development line in Perrysburg, Ohio. This initiative aims to replicate in-line manufacturing conditions and expedite the commercialization of this innovative technology. First Solar, Inc. (NASDAQ:FSLR) recently opened its $1.1 billion Alabama facility, which will contribute an additional 3.5 gigawatts of vertically integrated solar manufacturing capacity once fully operational. Furthermore, the company remains on schedule to launch operations at its Louisiana facility in the second half of 2025.