5 Most Undervalued Renewable Energy Stocks To Buy According To Hedge Funds

In this article, we discuss the 5 most undervalued renewable energy stocks to buy according to hedge funds. To read the detailed analysis of the renewable energy sector, go directly to the 11 Most Undervalued Renewable Energy Stocks To Buy According To Hedge Funds.

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

Number of Hedge Fund Holders: 50

First Solar, Inc. (NASDAQ:FSLR) is an American solar power company headquartered in Arizona, US. The company provides utility-scale solar power plants and related services including end-of-life panel recycling.

On July 27, First Solar, Inc. (NASDAQ:FSLR) announced that it is going to build a fifth manufacturing facility in the United States worth $1.1 billion. On August 10, the company selected the Acadiana Regional Airport in Iberia Parish, Louisiana, to build the facility and it is expected to generate 3.5 gigawatts of electricity. First Solar, Inc. (NASDAQ:FSLR) plans to complete this facility by the first half of 2026.

On August 16, Roth MKM analyst Philip Shen reaffirmed a Buy rating on First Solar, Inc. (NASDAQ:FSLR)’s stock with a $230 price target. At the time of writing on August 21, the company’s stock price declined by over 14% since August 15 as an independent review found subcontractors were involved in forced labor through foreign migrant workers at First Solar, Inc. (NASDAQ:FSLR)’s Malaysian facility. Shen believes that the company’s stock will recover and will “move beyond this issue quickly.”