5 Best Solar Energy Stocks to Invest In Heading into 2023

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

Number of Hedge Fund Holders: 45

First Solar, Inc. (NASDAQ:FSLR) is a global PV solar energy solutions provider and a major American solar technology company. The company develops and sells PV solar modules using innovative thin film semiconductor technology. First Solar, Inc. (NASDAQ:FSLR) is the world’s largest producer of thin-film PV solar modules.­

On November 14, 2022, Corinne Blanchard, an analyst at Deutsche Bank, started covering First Solar, Inc. (NASDAQ:FSLR) with a price target of $180 and a Buy rating on the stock. The analyst believes that the company can strongly benefit from the inflation reduction act due to its domestic manufacturing capacity.

As per Insider Monkey’s database, 45 hedge funds owned stakes in First Solar, Inc. (NASDAQ:FSLR) at the end of the third quarter. D E Shaw remained the leading stakeholder of the company at the end of Q3 2022.