5 Best Environmental Stocks To Invest In

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

Number of Hedge Fund Holders: 51

Tempe, Arizona-based First Solar, Inc. (NASDAQ:FSLR) offers photovoltaic solar energy solutions around the globe. Ranked 3rd in our list of the best environmental stocks to invest in, First Solar, Inc. (NASDAQ:FSLR) said last year it planned to invest roughly $1.2 billion in America’s clean energy future by constructing a vertically-integrated manufacturing site in the country which it expects to be operational by 2025. In its 2023 ESG report, the company expects to reach net-zero emissions by 2050.

Out of 910 hedge funds profiled by Insider Monkey at the end of June 30, 51 had stakes in First Solar, Inc. (NASDAQ:FSLR). The largest stakeholder was Ken Griffin’s Citadel Investment Group which owned about 2.8 million shares of the firm that were valued at $538.7 million.