5 Companies That Will Benefit From Global Warming

3. First Solar, Inc. (NASDAQ: FSLR

Arizona-based First Solar sells solar panels and operates utility-scale PV power plants. The company is known for its cadmium telluride (CdTe)-based photovoltaic (PV) modules, which produce electricity with a thin CdTe film on glass. In October 2020, First Solar shares rallied after the company said its sales jumped 70% in the third quarter. EPS in the quarter came in at $1.45, easily beating the Wall Street’s estimate of $0.63 per share. For 2020, the company expects to earn between $2.6 billion and $2.9 billion.

The smart money is turning bullish on First Solar. A total of 40 hedge funds tracked by Insider Monkey held positions in the company at the end of the third quarter, significantly up from 16 funds a quarter earlier.