10 Worst Performing Solar Stocks to Buy Now

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1. First Solar Inc. (NASDAQ:FSLR)

6-Month Performance as of February 27: -32.12%

Number of Hedge Fund Holders: 65

First Solar Inc. (NASDAQ:FSLR) is a global solar technology company that manufactures and sells cadmium telluride thin-film photovoltaic (PV) solar modules. It offers a lower-carbon alternative to traditional silicon-based panels, and also engages in project development, operations and maintenance, and the sale of PV solar power systems to utilities.

In 2024, it secured 4.4 gigawatts of net bookings at an average selling price (ASP) of $0.305 per watt, leading to a year-end contracted backlog of 68.5 gigawatts. It achieved a record 14.1 gigawatts in module sales, which resulted in $4.2 billion in net sales and represented a 27% year-on-year increase. The company produced 15.5 gigawatts of modules, with 9.6 gigawatts being Series 6 and 5.9 gigawatts Series 7, and expanded its global nameplate manufacturing capacity to ~21 gigawatts. It’s also constructing a $1.1 billion facility in Louisiana, which is projected to increase capacity to over 25 gigawatts by 2026.

For 2025, First Solar Inc. (NASDAQ:FSLR) is navigating uncertainties like policy changes and customer delivery shifts. It faces an under-allocation issue for its Series 6 production in Malaysia and Vietnam due to customer delivery shift rights and contract terminations, and is experiencing delays in international deliveries due to the policy environment in Europe, India, and the US.

While we acknowledge the growth potential of First Solar Inc. (NASDAQ:FSLR), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. 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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