12 Best Energy Stocks to Invest In According to Billionaires

Page 2 of 10

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

Number of Billionaire Holders: 15

Next on our list of the Best Energy Stocks is First Solar, Inc. (NASDAQ:FSLR), a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules.

First Solar, Inc. (NASDAQ:FSLR) reported a mixed performance in Q4 2024. The company posted an EPS of $3.65 against estimates of $4.73. However, the company’s overall net income for the full year 2024 surged by a hefty 55.5% YoY. Moreover, FSLR’s Q4 revenue of $1.51 billion was up 30.7% YoY and topped expectations by $33.54 million. The increase was primarily a result of increased module sales. The company provided 2025 sales guidance of $5.55 billion at the midpoint, slightly above the average estimate of $5.52 billion.

First Solar, Inc. (NASDAQ:FSLR) remains focused on expanding its manufacturing capabilities and is constructing a $1.1 billion manufacturing facility in Louisiana. The project is on track to begin commercial operations in the second half of this year and is expected to increase the company’s global nameplate manufacturing capacity to over 25 gigawatts by 2026. Additionally, a new R&D center in Ohio has been launched to drive innovation and strengthen the solar technology company’s leadership. First Solar’s operational manufacturing footprint in Ohio, Alabama, and Louisiana represents over $4 billion in US manufacturing investments.

Page 2 of 10