11 Most Profitable Cheap Stocks to Invest In Now

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

Forward P/E: 11.06

Profit Margin: 27.73%

Net Income: $1.40 Billion

Number of Hedge Fund Holders: 67

First Solar, Inc. (NASDAQ:FSLR) is one of the most profitable cheap stocks to invest in now. On January 22, KeyBanc reiterated its Underweight rating on First Solar, Inc. (NASDAQ:FSLR) with a price target of $150. The firm was unimpressed by the stock’s year-to-date performance and also pointed to ongoing challenges in the solar market.

KeyBanc noted that upcoming solar regulatory changes could impact the market. The research firm said that it does not agree with the current bullish expectations in the market, noting that “this time is not meaningfully different from past cycles” in the solar sector.

Earlier, on January 12, Raymond James initiated coverage on First Solar, Inc. (NASDAQ:FSLR), giving the stock a Market Perform rating. The firm said that the company offers a “relatively compelling risk/reward” compared with other stocks in its coverage.

However, Raymond James was reluctant to fully support what seems to be a consensus bullish outlook by analysts. The firm pointed out that most of the potential positives are already known and likely reflected in the current valuation of First Solar, Inc. (NASDAQ:FSLR).

First Solar, Inc. (NASDAQ:FSLR) is an American PV solar technology and manufacturing company. It is known for its advanced, uniquely American thin film PV technology.