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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.
  • 5 stocks we like better than First Solar.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
First Solar (FSLR)
4.9646 of 5 stars		$182.39+3.7%N/A15.71Moderate Buy$279.04
Tesla (TSLA)
4.2137 of 5 stars		$421.06-3.5%N/A115.36Hold$272.06
SunPower (SPWR)
2.2457 of 5 stars		$0.12flatN/A-0.09Strong Sell$2.65
Canadian Solar (CSIQ)
3.7977 of 5 stars		$11.50+6.9%N/A-95.83Hold$18.58
Enphase Energy (ENPH)
4.6501 of 5 stars		$71.45+8.6%N/A162.39Hold$100.33
SolarEdge Technologies (SEDG)
4.5032 of 5 stars		$14.77+12.7%N/A-0.51Reduce$22.40
Array Technologies (ARRY)
4.1555 of 5 stars		$5.63+5.4%N/A-5.80Hold$11.43
Compare These Stocks  Add These Stocks to My Watchlist 


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