Why First Solar Inc. (FSLR) Received Analyst Approval This Week?

We recently published a list of 10 Stocks That Received Analyst Approval This Week. In this article, we are going to take a look at where First Solar Inc. (NASDAQ:FSLR) stands against other stocks that received analyst approval this week.

The US market performance in the last week was quite bullish, with the S&P, DOW, and NASDAQ boasting weekly gains of 3.71%, 3.73%, and 3.84% respectively. The week marked the last full week of the outgoing Democratic government, with Donald Trump set to be sworn in early next week.

Just like the last time he became President, Donald Trump is set to make some drastic changes once he takes over. His energy policy and stance on crypto will continue to be of focus for most traders. During the outgoing week, a lot of companies received the backing of Wall Street analysts, among them quite a few energy and automobile companies.

We looked at a few of those companies that received a boost from analysts this week. To come up with the list of 10 stocks that received analyst approval this week, we only considered companies with a market cap of at least $1 billion.

A solar panel farm with an orange sky illuminating the vast landscape.

First Solar Inc. (NASDAQ:FSLR)

First Solar Inc. is a Photovoltaic (PV) solar energy solutions provider worldwide. The company’s advanced thin film semiconductor technology offers environment-friendly solar panels. It is a leading CdTe (cadmium telluride) module supplier and the only American Company among the top 10 largest manufacturers of solar panels in the world. The company received an upgrade from Neutral to Buy with a target price of $274.

Bloomberg Intelligence analyst Rob Barnett said an increase in demand for energy to support AI and data centers is expected to boost the company’s sales by 25% from 2025-27. FSLR is planning to increase its solar manufacturing capacity from 18.5 GW to 25 GW by 2026.

Although the company’s stock price incurred a downturn in the previous month, it has shown an upward trend over the last five trading days. This upward trend continues to draw investors’ attention at a time when Trump’s energy policy is in focus.

Overall, FSLR ranks 10th on our list of received analyst approval this week. While we acknowledge the potential of FSLR as a leading AI investment, our conviction lies in the belief that some 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 as promising as FSLR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.