5 Best Alternative Energy Stocks To Buy Now

In this article, we discuss 5 best alternative energy stocks to buy now. If you want to see more stocks in this selection, check out 12 Best Alternative Energy Stocks To Buy Now. 

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

Number of Hedge Fund Holders: 26

First Solar, Inc. (NASDAQ:FSLR) is an Arizona-based company that provides photovoltaic solar energy solutions in the United States, Japan, France, Canada, India, Australia, and internationally. First Solar, Inc. (NASDAQ:FSLR) is one of the best clean energy stocks to invest in. On November 7, KeyBanc analyst Sophie Karp raised the price target on First Solar, Inc. (NASDAQ:FSLR) to $175 from $145 and maintained an Overweight rating on the shares. The analyst updated her estimates to completely reflect the impact of AMC on First Solar, Inc. (NASDAQ:FSLR)’s earnings in 2023 and beyond and to properly account for the value of tax credits the company is eligible for. 

According to the second quarter database of Insider Monkey, 26 hedge funds were long First Solar, Inc. (NASDAQ:FSLR), compared to 35 funds in the preceding quarter. D E Shaw is a significant stakeholder of the company, with 1 million shares worth $68.7 million.  

Here is what White Brook Capital had to say about First Solar, Inc. (NASDAQ:FSLR) in its Q1 2021 investor letter:

“First Solar (FSLR) and Itron (ITRI), both of which I’ve written about in past In Focus sections, were long-term positions that were sold as their prices exceeded price targets. Both are solid companies that remain on my watchlist, but the opportunity cost of not investing in other potential investments exceeded their potential mid-term returns.”