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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.
  • MarketBeat previews the top five stocks to own by June 1st.

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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)
4.9606 of 5 stars		$140.74+5.2%N/A12.12Moderate Buy$223.87
Tesla (TSLA)
4.1907 of 5 stars		$298.05+4.6%N/A146.10Hold$287.46
SunPower (SPWR)
0.3046 of 5 stars		$1.81+3.4%N/A-1.32Strong Sell$1.23
Canadian Solar (CSIQ)
2.5576 of 5 stars		$9.81+6.5%N/A-81.75Hold$16.77
Enphase Energy (ENPH)
4.8917 of 5 stars		$50.80+3.6%N/A68.65Hold$70.54
SolarEdge Technologies (SEDG)
3.3668 of 5 stars		$19.81+8.3%N/A-0.64Reduce$16.32
Array Technologies (ARRY)
3.2989 of 5 stars		$5.95+8.2%N/A-6.13Hold$9.50
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