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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.
  • Interested in First Solar? Here are five stocks we like better.

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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.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Solar wasn't on the list.

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

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
First Solar (FSLR)
4.9717 of 5 stars		$140.74+5.2%N/A12.12Moderate Buy$223.87
Tesla (TSLA)
4.1993 of 5 stars		$298.05+4.6%N/A146.10Hold$287.46
SunPower (SPWR)
0.296 of 5 stars		$1.81+3.4%N/A-1.32Strong Sell$1.23
Canadian Solar (CSIQ)
2.5957 of 5 stars		$9.81+6.5%N/A-81.75Hold$16.77
Enphase Energy (ENPH)
4.8898 of 5 stars		$50.80+3.6%N/A68.65Hold$70.54
SolarEdge Technologies (SEDG)
3.3663 of 5 stars		$19.81+8.3%N/A-0.64Reduce$16.32
Array Technologies (ARRY)
3.2862 of 5 stars		$5.95+8.2%N/A-6.13Hold$9.50
Compare These Stocks  Add These Stocks to My Watchlist 

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