14 Best Energy Stocks to Buy According to Wall Street Analysts

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

Upside Potential as of March 22: 29.16%

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

First Solar, Inc. (NASDAQ:FSLR) had a setback on March 17 when Guggenheim analyst Joseph Osha lowered the firm’s price target on the stock from $312 to $269, but maintained a ‘Buy’ rating on the shares. The reduced target still indicates an upside potential of over 39% from the current share price.

The development comes after the analyst updated First Solar, Inc. (NASDAQ:FSLR)’s model following the company’s weak guidance in its Q4 2025 report. The renewable energy operator forecasted its revenue to range between $4.9 billion and $5.2 billion in FY 2026, far below the consensus estimate of $6.16 billion. It needs mentioning that First Solar’s revenue grew by 24% YoY to $5.2 billion in FY 2025, so the guidance of flat to a decline in revenue for 2026 didn’t sit well with both analysts and investors.

First Solar, Inc. (NASDAQ:FSLR) clarified that the weak guidance is driven partially by the strategic underutilization of its Southeast Asian factories, with the company describing its strategy as ‘buying some time to see how these tariffs ultimately get played out’. The solar energy firm is expecting a total tariff impact of $125 million to $135 million in 2026.