5 Best Green Stocks To Invest In 2023

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In this article, we discuss the 5 best green stocks to invest in 2023. To go through our detailed analysis of the renewable energy sector and the green movement, go directly to the 11 Best Green Stocks To Invest In 2023.

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

Number of Hedge Fund Holders: 50

First Solar, Inc. (NASDAQ:FSLR) is a U.S.-based company specializing in the manufacturing of solar panels and offering utility-scale PV power plants. The company provides a range of services, encompassing finance, construction, maintenance, and end-of-life panel recycling for comprehensive solar solutions.

On September 21, First Solar, Inc. (NASDAQ:FSLR) initiated the construction of its fifth fully vertically integrated manufacturing facility within the United States. This facility, located in Louisiana, represents an investment of around $1.1 billion. Upon completion, the facility is expected to augment First Solar, Inc. (NASDAQ:FSLR)’s global manufacturing capacity by 3.5 GW and is projected to commence commercial shipments by 2026.

According to Insider Monkey’s second quarter database, 50 hedge funds were bullish on First Solar, Inc. (NASDAQ:FSLR), compared to 39 hedge funds in the last quarter. Robert Pohly’s Samlyn Capital held a significant position in the company, with 1.26 million shares valued at $239.5 million.

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