5 Best Solar Energy Stocks to Buy Now

2. First Solar (NASDAQ: FSLR)

No of HFs: 40

Total Value of HF Holdings: $284 Million

First Solar is a US-based large-cap global company that develops, finances, engineers, constructs, and currently operates many of the world’s largest grid-connected PV power plants. Precisely, the company takes the advantage of its advanced solar PV cells manufacturing systems with warrantied for 25 years and competitive energy production per watt. With 25GW+ shipped worldwide historically, net sales have reached $928 million in third-quarter 2020.

Masters Capital Management was the largest shareholder of First Solar with a $66,2 million stake worth at the end of the third quarter. Stock gain this year is 84.6% and the compound 3 year revenue growth rate is 6.1%. Here is what White Brook Capital said about FSLR in 2020:

“First Solar’s position should be strengthened by Covid-19. The Company is significantly back ordered and while that backlog should lighten somewhat as utility expansion needs are temporarily postponed, I expect revisions to be limited. Residential solar installations will be far more limited as a combination of stay at home orders and the discretionary-ness of rooftop solar becomes clear. First Solar has distributed manufacturing and a proven product making travel less necessary than for their competitors as well.”