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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.
  • Five stocks we like better than First Solar.
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Should You Invest $1,000 in First Solar Right Now?

Before you consider First Solar, you'll want to hear this.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
First Solar (FSLR)
4.9677 of 5 stars
$126.60+0.2%N/A10.90Moderate Buy$262.08
Tesla (TSLA)
4.5925 of 5 stars
$273.13+0.4%N/A133.89Hold$319.12
SunPower (SPWR)
1.7219 of 5 stars
$0.12flatN/A-0.09Strong Sell$2.17
Canadian Solar (CSIQ)
3.4188 of 5 stars
$9.59-3.5%N/A-79.92Hold$17.84
Enphase Energy (ENPH)
4.7245 of 5 stars
$60.71+0.9%N/A82.04Hold$90.36
SolarEdge Technologies (SEDG)
4.3583 of 5 stars
$15.93-1.1%N/A-0.51Reduce$21.80
Array Technologies (ARRY)
3.8793 of 5 stars
$5.11-2.3%N/A-5.27Hold$9.52
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