10 Best Sustainability Stocks to Invest In

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

Number of Hedge Fund Holders: 68

First Solar, Inc. (NASDAQ:FSLR) ranks among the best sustainability stocks to invest in. Despite announcing record quarterly volume and a solid third-quarter performance, First Solar, Inc. (NASDAQ:FSLR) released dismal full-year guidance on October 30. The company announced revenue of $1.59 billion, which narrowly exceeded the average estimate of $1.58 billion. However, owing to one-time underutilization charges, adjusted earnings per share came in at $4.24, slightly less than the expected $4.27.

First Solar’s revenue prediction for the full year 2025 was reduced from $4.90 to $5.70 billion to $4.95 to $5.20 billion, a figure lower than the $5.3 billion analysts had forecast. The company also lowered its earnings expectation to $14.00-$15.00 per share, down from its previous projection of $13.50-$16.50.

That said, the company’s net cash position increased from $0.6 billion at the end of the previous quarter to $1.5 billion at the end of the third quarter, mostly as a result of favorable working capital improvements and increased cash receipts from module sales.

Following the results, KeyBanc analyst Sophie Karp boosted the price target for First Solar, Inc. (NASDAQ:FSLR) to $150 from $100 on October 31 while maintaining an Overweight rating on the stock. The firm said that the company delivered results that were roughly in line with expectations and lowered its FY25 outlook owing to operational problems such as supply chain disruptions.

First Solar, Inc. (NASDAQ:FSLR) is an American solar technology company and a global supplier of sustainably produced eco-efficient solar modules.