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

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.
  • 5 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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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
First Solar (FSLR)
4.979 of 5 stars
$177.60+1.5%N/A22.95Moderate Buy$231.36
Tesla (TSLA)
4.4271 of 5 stars
$170.41+0.1%N/A43.47Hold$186.70
SunPower (SPWR)
3.7774 of 5 stars
$1.95+3.7%N/A-1.42Reduce$4.76
Canadian Solar (CSIQ)
4.3332 of 5 stars
$15.14+4.4%N/A3.90Hold$31.78
Enphase Energy (ENPH)
4.6823 of 5 stars
$111.60+3.5%N/A58.13Hold$136.81
SolarEdge Technologies (SEDG)
4.7654 of 5 stars
$58.52+3.4%N/A130.04Hold$98.38
Array Technologies (ARRY)
3.7438 of 5 stars
$12.29+2.9%N/A22.76Hold$20.23
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