Goldman Sachs Solar and Green Energy Stocks: Top 5 Stock Picks

In this article, we will take a look at the Goldman Sachs Solar and Green Energy Stocks: Top 5 Stock Picks. For a deeper discussion and an extended list, please see the Goldman Sachs Solar and Green Energy Stocks: Top 10 Stock Picks.

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

Goldman Sachs’ Stake Value: $120.57 million 

On March 4, 2026, GLJ Research lowered First Solar, Inc. (NASDAQ:FSLR) to Hold from Buy.

On February 25, 2026, Reuters reported that First Solar, Inc. (NASDAQ:FSLR) anticipated net sales of $4.9 billion to $5.2 billion in 2026, falling short of analysts’ average estimate of $6 billion, according to LSEG data. Executives noted policy uncertainties in the United States and delays in permitting for large projects under the Trump administration. Management also anticipated tariff charges of $125 million to $135 million in 2026. Analysts identified tariff pressures and a freeze on large solar project approvals as major hurdles to industry expansion and project timeframes.

Christopher Dendrinos of RBC Capital Markets commented that the 2026 estimate represents increased curtailment effort, but it may position the firm for higher volumes in later periods if tariffs stabilize. First Solar, Inc. (NASDAQ:FSLR) also reported limited demand for its Series 6 solar modules manufactured in Malaysia and Vietnam. The company intends to open a finishing line in South Carolina during the fourth quarter to upgrade freight functionality, reduce tariff exposure, and increase the usage of local resources. Citigroup’s Vikram Bagri hailed the company as a “long-term growth story.”

First Solar, Inc. (NASDAQ:FSLR) is a solar technology firm that provides solar modules. It designs, manufactures, and sells cadmium telluride solar modules, which convert sunlight into electricity.