8 Most Promising Solar Stocks According to Hedge Funds

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

Number of Hedge Fund Investors: 59

First Solar, Inc. (NASDAQ:FSLR) is a global manufacturer of thin-film solar panels and a provider of photovoltaic (PV) power plant solutions. The company specializes in producing high-efficiency, cadmium telluride-based solar modules, which offer superior performance in hot and humid climates. First Solar, Inc.’s (NASDAQ:FSLR) clients include utility-scale project developers, independent power producers, and energy companies. The firm also develops and sells large-scale solar farms and plays a renewable energy transition.

First Solar, Inc. (NASDAQ:FSLR) has made remarkable progress in expanding its manufacturing capacity and advancing its technology. The company recently opened a $1.1 billion manufacturing facility in Alabama, which will add 3.5 gigawatts of vertically integrated solar production capacity once fully operational. Additionally, the company is on track to commence operations at its Louisiana facility in the latter half of 2025 to support its objective of exceeding 14 gigawatts of annual U.S. nameplate capacity and 25 gigawatts globally by 2026.

In addition to capacity expansion, First Solar, Inc. (NASDAQ:FSLR) is focusing on next-generation thin-film photovoltaic innovation. The company is launching CuRe, a program that replaces copper with other elements, at its Ohio facility and plans to advance its perovskite technology via a new development line in Perrysburg, Ohio. Furthermore, First Solar, Inc. (NASDAQ:FSLR) is proactively safeguarding its intellectual property rights, particularly its TOPCon patent portfolio, by issuing notification letters to Tier 1 solar manufacturers suspected of patent infringement.

While we acknowledge the potential of First Solar, Inc. (NASDAQ:FSLR) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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