First Solar, Inc. (FSLR): Among Billionaire George Soros' Mid-Cap Stocks With Huge Upside Potential

We recently published a list of Billionaire George Soros’ 10 Mid-Cap Stocks With Huge Upside Potential. In this article, we are going to take a look at where First Solar, Inc. (NASDAQ:FSLR) stands against other billionaire George Soros’ mid-cap Stocks with huge upside potential.

George Soros is one of the most successful investors in the stock market’s history. He founded the Soros Fund Management, which currently manages over $6.6 billion in assets. His fund often makes contrarian moves that catch the attention of Wall Street and retail investors alike. Alex Soros, one of George Soros’ sons from his second marriage, was handed over the reins in 2023.

When investors like George Soros invest in companies, they usually have solid reasons to do so. This is why keeping an eye on their holdings is so important. We decided to take a look at George Soros’ Mid-Cap stock holdings to see what mid-cap stocks he is betting on.

To come up with our list of billionaire George Soros’ 10 Mid-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies between $10 billion and $40 billion in market cap.

After arriving at his top mid-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential. We have also mentioned the hedge fund sentiment as per Insider Monkey’s database of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

First Solar, Inc. (NASDAQ:FSLR) 

Soros Fund Management’s Stake Value: $38.1 Million

Number of Hedge Fund Holders: 65

First Solar, Inc. operates as a solar technology company and offers photovoltaic (PV) solar energy solutions. The company also manufactures, designs, and supplies cadmium telluride solar modules for the conversion of sunlight into electricity. According to the median analyst price target, the stock still has an upside of 93.55%.

First Solar and Shoals Technologies announced the expansion of their partnership last month. As per the announcement, the companies will continue to invest in domestic manufacturing in Alabama. This collaboration supports the ongoing reshoring of U.S. solar supply chains. It will also enable Shoals Technologies to keep investing in American jobs at its Alabama facility.

The tech firm has shown impressive growth in 2024, growing its revenue by 26.7% YoY. The company guided for another promising year as it expects 2025 revenue growth to clock in at 26% to 38%. Going by this guidance, the management has guided for higher revenue growth than Wall Street estimates. It demonstrates the management’s confidence in the company’s growth potential. However, Wall Street estimates indicate a higher EPS growth of 51% than the company’s projected EPS growth of 41%.

Overall, FSLR ranks 1st on our list of billionaire George Soros’ mid-cap Stocks with huge upside potential. While we acknowledge the potential of FSLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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