5 Most Profitable Renewable Energy Stocks Right Now

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

Net Profit Margin TTM: 29.3%

First Solar, Inc. (NASDAQ:FSLR) saw Citi analyst Vikram Bagri lower the firm’s price target on April 21 to $243 from $300 while maintaining a Buy rating on the shares. The revision came as part of a broader first-quarter preview across alternative energy equipment and services, with Citi warning that the sector could face a difficult earnings season in the near term.

On the same day, Barclays analyst Christine Cho reduced the price target on First Solar, Inc. (NASDAQ:FSLR) to $213 from $228 while keeping an Overweight rating. The firm stated that gross margins could improve from roughly 7% this year to 12%-13% next year, though a return to the 20% range may depend on a favorable Section 232 trade outcome. Barclays also noted ongoing risks from elevated shipping and raw material costs.

First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company specializing in advanced thin-film photovoltaic modules used primarily in utility-scale solar developments. It falls 3rd in the list of 11 most profitable renewable energy stocks right now. The company focuses on supplying modules for large solar power plants and is headquartered in Tempe, Arizona. First Solar was founded in 1999.

Despite near-term sector headwinds, both analysts maintained constructive ratings, reflecting confidence in First Solar’s competitive position and earnings power. Its domestic manufacturing footprint, utility-scale exposure, and margin recovery potential support an attractive long-term investment case as solar deployment accelerates.