5 Best Clean Energy Stocks to Buy Today

In this article, we discuss the 5 best clean energy stocks to buy today. If you want to read our detailed analysis of these companies, go directly to the 9 Best Clean Energy Stocks to Buy Today.

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

Number of Hedge Fund Holders: 31

First Solar, Inc. (NASDAQ:FSLR) ranks fifth on the list of 9 best clean energy stocks to buy today. The Arizona-based solar energy firm sells photovoltaic (PV) solar panel solutions. 

On August 2, the stock gained 2.8% after Susquehanna upgraded First Solar, Inc. (NASDAQ:FSLR) to Positive from Neutral and raised its price target to $120 from $89, noting management’s bullish comments on solar module demand and pricing on the company’s second-quarter results call.

On September 21, KeyBanc analyst Sophie Karp initiated a Sector Weight rating on First Solar, Inc. (NASDAQ:FSLR), citing the solar panel maker’s advantage to gain from the ongoing governmental moves supporting domestic solar products manufacturers.

The company has a market cap of $9.69 billion. In the second quarter of 2021, First Solar, Inc. (NASDAQ:FSLR) reported an EPS of $0.78, beating estimates by $0.22. The company’s revenue in the second quarter was $629 million and beat revenue estimates by $8.73 million. The company increased its 2021 revenue guidance for FY 2021 to $2.875 billion – $3.1 billion from $2.85 billion – $3.025 billion. The stock has gained 54% in the previous year. 

At the end of the second quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $317 million in First Solar, Inc. (NASDAQ:FSLR), up from 24 hedge funds in the previous quarter worth $304 million.