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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 we like better than First Solar.

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

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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)
4.9714 of 5 stars		$164.62+2.8%N/A14.18Moderate Buy$227.94
Tesla (TSLA)
4.3509 of 5 stars		$326.09+5.7%N/A159.85Hold$293.67
Complete Solaria (SPWR)
4.3148 of 5 stars		$1.94+0.5%N/AN/AModerate Buy$6.00
Canadian Solar (CSIQ)
3.9721 of 5 stars		$11.37+3.1%N/A-94.75Hold$16.58
Enphase Energy (ENPH)
4.6507 of 5 stars		$45.08+4.2%N/A60.92Hold$68.31
SolarEdge Technologies (SEDG)
2.8779 of 5 stars		$20.93+11.8%N/A-0.67Reduce$16.96
Array Technologies (ARRY)
3.6263 of 5 stars		$7.72+3.1%N/A-7.96Hold$9.18
Compare These Stocks  Add These Stocks to My Watchlist 

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