7 Most Undervalued Solar Stocks to Buy Now

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

Number of Hedge Fund Holdings: 68

According to the recent disclosure with the SEC, Optimize Financial Inc has increased its position in First Solar, Inc. (NASDAQ:FSLR) by 76.7% in the first quarter. With the purchase of 6,392 shares, the wealth management firm now owns 14,724 shares of the company’s stock worth $1,862,000.

From top-notch thin-film technology and healthy margins to robust footing in large-scale utility projects, the reasons to believe in First Solar, Inc. (NASDAQ:FSLR) are many. The company’s differentiated manufacturing technology has enabled it to enhance its order backlog, increase margins, and lead the market.

With its strong moat starting to shine, First Solar, Inc. (NASDAQ:FSLR) is considered the greatest of the U.S. clean energy market, a market with many players. With that being said, the company benefits from demand hikes driven by autonomous technologies, favorable U.S. manufacturing policies, and its positioning in cadmium telluride with a low Levelized Cost of Energy.

First Solar, Inc. (NASDAQ:FSLR) is an Arizona-based provider of photovoltaic (PV) solar energy solutions. Founded in 1999, the company is focused on innovation and operational excellence.

While we acknowledge the potential of FSLR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FSLR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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