Billionaire Ken Griffin’s 10 Midcap Stock Picks with Huge Upside Potential

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

Stock Upside Potential:   53.21%

Citadel Investment Group’s Stake: $414,128,752

First Solar, Inc. operates as a solar technology company. The company provides photovoltaic (PV) solar energy solutions. It sells and manufactures photovoltaic solar modules with a thin film semiconductor technology.

FSLR has lost one-third of its value in the span of a year. The constant downtrend has meant that it trades at a PE of 10.77, considerably below the 5-year average PE of 28.62. The price-to-cash-flow ratio also stands at 7.79, way below the 5-year average of 20.04. Apart from a handful of solar stocks, the majority have lost considerable value this year so far, making the sector an attractive investment.

As per the company’s provided guidance, revenue is forecasted to be in the range of $4.5 billion to $5.5 billion for the full year. Anticipating tariff-related headwinds, EPS is expected to be between $12.50 to $17.50. Due to uncertain demand and high tariffs, the firm is planning to reduce international production. Increasing energy demand from data centers and AI will be a huge catalyst for solar energy.