Is First Solar (FSLR) One of the Best Solar Energy Stocks to Buy Right Now?

First Solar Inc. (NASDAQ:FSLR) is one of the best solar energy stocks to buy right now. On October 31, Jefferies raised its price target on First Solar Inc. (NASDAQ:FSLR) to $269, keeping a Buy rating despite recent uncertainty caused by BP canceling contracts for 6.6 gigawatts of solar panels. First Solar is now pursuing new deals at higher rates, around $0.36 per watt, supported by favorable U.S. trade policies and market conditions.

Jefferies views the contract cancellations as a potential upside if First Solar can rebook at better prices. While near-term volume projections for 2026 and 2027 have been trimmed, the firm expects stronger pricing from 2028 onward. The company’s financial health remains solid, with a strong balance sheet and manageable debt levels.

On October 30, First Solar shared its third-quarter results for 2025, revealing a blend of positives and setbacks. The company posted $1.59 billion in revenue, edging past analyst expectations, thanks to a record shipment of 5.3 gigawatts. However, earnings per share landed at $4.24, slightly under the projected $4.27, mainly due to temporary underutilization costs that affected margins.

First Solar Inc. (NASDAQ:FSLR) is a solar energy company that designs, manufactures, and sells advanced thin-film solar panels for generating electricity. It focuses on producing responsibly-made, high-performance PV modules and is a key player in the global solar technology industry, with manufacturing facilities in the United States.

While we acknowledge the potential of FSLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.