5 Best Green Energy Stocks To Buy

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

Number of Hedge Fund Holders: 35

Stock Price Change Over the Past Six Months as of November 17: +142%

First Solar, Inc. (NASDAQ:FSLR) is a Tempe, Arizona-based manufacturer of solar panels and has established grid-connected PV power plants globally. The company is expected to be a beneficiary of favorable policies adopted by the US government regarding solar panels.

First Solar, Inc. (NASDAQ:FSLR) has two new plants under construction that will be functional by 2023. These plants will begin to manufacture the next-generation Series 7 panels. One of these plants, located in Ohio, has a capacity of 3.3 GW and has cost the company $680 million. This will be the biggest fully integrated solar PV facility outside China. First Solar, Inc. (NASDAQ:FSLR) also anticipates the completion of a 3 GW plant in Tamil Nadu, India, by the second half of 2023.

Out of the 912 hedge funds in Insider Monkey’s database, 35 funds held a stake in First Solar, Inc. (NASDAQ:FSLR) as of Q1 2022.