5 Best Climate Change Stocks To Buy Now

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

No of HFs: 40

Total Value of HF Holdings: $283 Million

First Solar, Inc. is one of the leading providers of comprehensive PV solar solutions that use its advanced module and system technology. PV Solar Solutions provide an economically attractive alternative to fossil-fuel electricity generation today. During the third quarter of 2020, the company reported net sales of $928 million, an increase of $285 million compared to the prior quarter.

First Solar’s Photovoltaic Technology became the longest-running research project at the Outdoor Test Facility where the product was continuously monitored for 25 years. Nick Strevel, the company’s vice president for product management mentioned that they are more confident now of their product,

“Our product encapsulation technology and materials today are far superior, this helps us understand a legacy performance baseline and provides further confidence in the superior long-term durability and long-term degradation performance of today’s product.”

First Solar has risen 10% in the last one year, underperforms the market. In an article, we mentioned what White Brook Capital’s had to say about it,

“First Solar is a provider of solar modules to the industrial and commercial segment. Despite lackluster earnings reported during the second quarter, the stock appreciated due to the growth in the backlog as their offering continues to be attractive to industrial customers globally.

Solar is having its second moment, and I believe that First Solar is the best positioned to take advantage. First Solar is an industrial and commercial solar module producer. While often thought of as a homogenous solution, solar generation assets should be considered on a spectrum with retail and industrial applications on opposite ends.