5 Best Green Energy Stocks to Buy

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

Number of Hedge Fund Holders: 45  

First Solar, Inc. (NASDAQ:FSLR) provides global photovoltaic (PV) solar energy solutions. On November 17, First Solar announced that it will supply an additional 4.9 gigawatts of its thin-film photovoltaic solar modules to Intersect Power. Intersect had previously announced an agreement for 2.4GW FSLR modules in July 2022. The firm has so far booked 43.7 GW of new business this year. 

On October 11, Argus analyst Bill Selesky maintained a Buy rating on First Solar, Inc. (NASDAQ:FSLR) stock and raised the price target to $176 from $123, noting that the company’s operating loss was primarily the result of significantly higher logistics costs during the quarter. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in First Solar, Inc. (NASDAQ:FSLR) with 3.2 million shares worth more than $426 million.