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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.
  • Five 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)
4.9818 of 5 stars		$155.39-5.3%N/A13.38Buy$276.38
Tesla (TSLA)
4.5912 of 5 stars		$337.80-4.7%N/A165.59Hold$326.50
SunPower (SPWR)
1.9363 of 5 stars		$0.12flatN/A-0.09Strong Sell$2.17
Canadian Solar (CSIQ)
3.3338 of 5 stars		$11.28-0.6%N/AN/AHold$18.31
Enphase Energy (ENPH)
4.6156 of 5 stars		$64.85-2.0%N/A87.64Hold$90.42
SolarEdge Technologies (SEDG)
3.5716 of 5 stars		$17.62-3.1%N/AN/AReduce$21.65
Array Technologies (ARRY)
3.8995 of 5 stars		$6.59-4.5%N/AN/AHold$11.05
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