Analysts Are Recommending These 5 Green Energy Stocks for the Future

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

Number of Hedge Fund Holders: 36  

First Solar, Inc. (NASDAQ:FSLR) provides solar energy solutions. On January 4, investment advisory Raymond James upgraded the stock to Market Perform from Underperform without a price target. Analyst Pavel Molchanov issued the ratings update. 

The hedge fund sentiment around First Solar, Inc. (NASDAQ:FSLR) is largely positive. At the end of the fourth quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $199 million in First Solar, Inc. (NASDAQ:FSLR), up from 31 in the preceding quarter worth $266 million. 

In its Q1 2021 investor letter, White Brook Capital, an asset management firm, highlighted a few stocks and First Solar, Inc. (NASDAQ:FSLR) was one of them. Here is what the fund said:

“First Solar, Inc. (NASDAQ:FSLR) and Itron (ITRI), both of which I’ve written about in past In Focus sections were long-term positions that were sold as their prices exceeded price targets. Both are solid companies that remain on my watchlist, but the opportunity cost of not investing in other potential investments exceeded their potential mid-term returns.”