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First Solar Rises to a 15-Year High on Sunny Takeover Deal

Written by MarketBeat Staff
May 16, 2023

Key Points

  • Last week, First Solar announced an $80 million acquisition of Swedish solar technology group Evolar AB.
  • A positive tax law development is also making the stock shine again.
  • The addition of Evolar is expected to bolster First Solar’s competitive position in the thin film photovoltaics space.
  • Many bulls are on board — and could be in control for months to come.
  • Five stocks to consider instead of First Solar.

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Should You Invest $1,000 in First Solar Right Now?

Before you consider First Solar, you'll want to hear this.

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While First Solar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
First Solar (FSLR)
4.9398 of 5 stars		$125.82-8.3%N/A10.84Moderate Buy$229.54
Tesla (TSLA)
4.167 of 5 stars		$282.16-3.4%N/A138.31Hold$287.46
SunPower (SPWR)
0.4163 of 5 stars		$2.00-2.4%N/A-1.46Strong Sell$1.23
Canadian Solar (CSIQ)
2.8661 of 5 stars		$9.02-6.5%N/A-75.17Hold$16.77
Enphase Energy (ENPH)
4.8109 of 5 stars		$44.59-6.5%N/A60.26Hold$70.54
SolarEdge Technologies (SEDG)
4.5637 of 5 stars		$12.23-4.8%N/A-0.39Reduce$16.82
Array Technologies (ARRY)
3.3237 of 5 stars		$4.78-9.6%N/A-4.93Hold$9.48
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