12 Most Promising Green Stocks According to Hedge Funds

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

Number of Hedge Fund Investors: 59

First Solar, Inc. (NASDAQ:FSLR) is a prominent provider of solar energy solutions, specializing in thin-film photovoltaic (PV) technology. The company designs, manufactures, and installs large-scale solar power systems globally that serve utility-scale project developers, independent power producers, and energy companies, First Solar, Inc. (NASDAQ:FSLR) plays a vital role in advancing the worldwide transition to renewable energy.

First Solar, Inc. (NASDAQ:FSLR) has achieved significant milestones in expanding its manufacturing capacity and enhancing its technological capabilities. The company recently inaugurated its $1.1 billion manufacturing facility in Alabama, which is projected to add 3.5 gigawatts of vertically integrated solar production capacity upon reaching full operation. Additionally, First Solar, Inc. (NASDAQ:FSLR) plans to begin operations at its Louisiana facility in the second half of 2025, aligning with its goal of exceeding 14 gigawatts of annual U.S. capacity and over 25 gigawatts of global capacity by 2026.

First Solar, Inc. (NASDAQ:FSLR) is also preparing to introduce CuRe production at its Ohio facility, with plans to deliver approximately 0.4 gigawatts of CuRe products by the first quarter of 2025. Moreover, First Solar, Inc. (NASDAQ:FSLR) is advancing perovskite technology through a dedicated development line in Perrysburg, Ohio, designed to simulate in-line manufacturing conditions and accelerate innovation in this promising field.