First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. The company's residual business operations include project development activities, operations and maintenance services, and the sale of PV solar power systems to third-party customers. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

First Solar выглядит как редкий случай сильной рентабельности при очень умеренной долговой нагрузке. P/E на уровне 12.74 заметно ниже медианы отрасли, что поддерживает идею недооценки по прибыли, а P/B тоже ниже рынка, хотя не так сильно. При этом P/S и особенно P/FCF выше отраслевых ориентиров, поэтому по выручке и свободному денежному потоку оценка уже не выглядит дешёвой. Баланс у компании очень крепкий: debt/equity всего 0.02, долг снижается, а ликвидность по quick ratio и current ratio комфортно выше 2, что снижает финансовые риски. Рентабельность остаётся главным плюсом: ROE, ROA и ROI существенно выше медианы, а чистая и операционная маржа находятся на очень высоком уровне и в динамике за последние периоды в целом улучшаются. Выручка, прибыль, EBITDA и операционная прибыль по годам растут, что подтверждает качество бизнеса и способность масштабировать результаты. С другой стороны, gross margin ниже отраслевой медианы и слегка проседает относительно более ранних уровней, что намекает на давление на валовую эффективность. Return on tangible equity тоже ниже медианы, поэтому часть высокой доходности капитала объясняется структурой баланса и активов, а не только операционной силой. Дивидендов нет, значит инвестор не получает защитного дохода и вся ставка делается на рост и переоценку. В сумме фундаментал остаётся сильным, но не настолько безупречным, чтобы агрессивно повышать целевую цену: дороговизна по выручке и FCF частично компенсирует привлекательность низкого P/E и отличной прибыльности. Для инвестора это история качества с хорошим балансом и высокой маржинальностью, но с уже не самым дешёвым входом по части денежных потоков.

First Solar, Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, значительно упал. Медведи в растерянности.

Strong index, significantly down. The bears are confused.

Средний индекс, незначительно вырос. Рынок не поддерживает быков.

Medium index, slightly up. The market does not support the bulls.

Средний индекс, незначительно упал. Рынок на стороне медведей.

Medium index, slightly down. The market is on the bears' side.

Средний индекс, незначительно вырос. Отток средств из лонгов на высоком уровне.

Medium index, slightly up. Outflow of funds from longs at a high level.

Средний индекс, незначительно упал. Приток средств в шорты на высоком уровне.

Medium index, slightly down. Inflow of funds into shorts at a high level.

Сильная прибыльность и почти бездолговой баланс поддерживают оценку FSLR, но дорогие P/S и P/FCF ограничивают потенциал переоценки.

Key Points
Federal policy is a headwind for solar now, but AI data‑center power demand could quickly flip the outlook.
Beaten‑down names like First Solar and Enphase may reward investors who can stomach policy and execution risk.
Policy headwinds may be weighing on solar stocks like First Solar (NASDAQ: FSLR) and Enphase Energy (NASDAQ: ENPH), but long‑term demand, AI‑driven power needs, and company‑specific strengths could set the stage for compelling opportunities. Watch the video below to see how selective investors might navigate this evolving landscape.
*This video was published on Jun. 12, 2026.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Should you buy stock in Enphase Energy right now?
Before you buy stock in Enphase Energy, consider this:
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Jeff Santoro has positions in Enphase Energy. Jon Quast has no position in any of the stocks mentioned. Toby Bordelon has positions in Enphase Energy and has the following options: short August 2026 $75 calls on Enphase Energy. The Motley Fool has positions in and recommends First Solar. The Motley Fool recommends Enphase Energy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AI Could Ignite a Solar Stock Rebound Despite Today's Tough Policy Backdrop

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in CrowdStrike Holdings Inc (Symbol: CRWD), where a total of 23,469 contracts have traded so far, representing approximately 2.3 million underlying shares. That amounts to about 59.9% of CRWD's average daily trading volume over the past month of 3.9 million shares. Especially high volume was seen for the $600 strike put option expiring June 12, 2026, with 911 contracts trading so far today, representing approximately 91,100 underlying shares of CRWD. Below is a chart showing CRWD's trailing twelve month trading history, with the $600 strike highlighted in orange:
First Solar Inc (Symbol: FSLR) options are showing a volume of 17,582 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 57.8% of FSLR's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $250 strike put option expiring January 21, 2028, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $250 strike highlighted in orange:
And e.l.f. Beauty Inc (Symbol: ELF) saw options trading volume of 23,854 contracts, representing approximately 2.4 million underlying shares or approximately 50.9% of ELF's average daily trading volume over the past month, of 4.7 million shares. Particularly high volume was seen for the $70 strike call option expiring June 18, 2026, with 5,502 contracts trading so far today, representing approximately 550,200 underlying shares of ELF. Below is a chart showing ELF's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for CRWD options, FSLR options, or ELF options, visit StockOptionsChannel.com.
Further CRWD Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Wednesday Option Activity: CRWD, FSLR, ELF

Key Points
“Green” refers to assets that work toward environmental sustainability.
iShares Global Clean Energy ETF is one of the oldest, most popular clean energy ETFs.
While Invesco has the highest expense ratio of the three ETFs, it has experienced significant gains.
A green exchange-traded fund (ETF) invests specifically in assets tied to environmentally beneficial activities, such as clean-energy stocks or green bonds. The way it works is quite straightforward: The green ETF pools your money with other investors to purchase a basket of environmentally focused investments that are then traded on the exchange like stocks.
These three ETFs offer different ways to marry equity investing with clean energy and sustainability. The first provides broad global exposure to clean energy. The next one concentrates on the solar industry, and the final ETF on the list keeps you near the S&P 500 (SNPINDEX: ^GSPC) while standing by stocks that focus on environmental, social, and governance (ESG) issues.
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The iShares Global Clean Energy ETF tracks the S&P Global Clean Energy Transition Index, which comprises global equities across solar, wind, hydro, and other renewable energy sources. With a portfolio of 105 holdings (as of June 8), the fund is one of the oldest and most widely purchased clean energy ETFs.
With a relatively attractive expense ratio of 0.39%, this ETF provides you instant access to leaders in the clean energy sector. Recent top holdings include:
Bloom Energy Class A shares
First Solar
NextPower Class A shares global select market
The fund may be right for you if:
You're seeking broad, diversified exposure to global clean energy.
You're looking for an investment that's generally less volatile than a solar-only ETF.
You're willing to hold it for the long term.
If you're uncomfortable with the higher volatility often associated with emerging sectors, such as clean energy stocks, this may not be right for you. And if you're seeking income, this ETF probably won't be ideal, as many clean energy companies reinvest profits for growth rather than paying regular dividends.
The Invesco Solar ETF is a highly focused, industry-specific fund that tracks the MAC Global Solar Energy Index. Specifically, Invesco Solar is interested in solar power equipment, solar project development and installation, and related solar technology and components.
Unlike the much broader ETF discussed previously, Invesco Solar has a much narrower scope, holding only 32 stocks (as of June 5). Rather than act as a broad clean-energy fund, this ETF is laser-focused on the solar industry. At 0.70%, the fund has the highest expense ratio of the three ETFs mentioned here. Still, with a gain of about 25% this year, you may find the expense ratio acceptable.
A significant share of the fund's capital goes to big players, such as:
First Solar
NextPower
Enphase Energy
This ETF offers heavy representation of U.S., Asian, and European solar companies and may be a good fit if you're specifically seeking targeted exposure to solar. However, keep in mind that the solar industry is highly sensitive to factors beyond your control, such as policy changes, interest rates, and component pricing, and may be more volatile than you initially expected.
Invesco Solar typically fits best as a single spoke in a well-balanced portfolio.
This ETF tracks the S&P 500 Scored & Screened Index (formerly known as the S&P 500 ESG Index). The fund starts with the traditional S&P 500 and excludes companies that don't meet certain ESG criteria. The index goes further by tilting its weighting toward higher-scoring ESG companies.
Because the fund aims to maintain a sector and risk profile similar to the S&P 500, it's not necessarily a clean-energy or climate-only product but rather a broad, large-cap U.S. equity fund.
With an attractive expense ratio of 0.10%, you will have exposure to technology, financials, healthcare, consumer goods, industrials, and communication services. Still, it's considered ESG-friendly because it excludes companies engaged in activities you may consider controversial, such as tobacco, certain fossil fuel-related companies, and some weapons makers.
The top three of the fund's 330 holdings (as of June 5) are names you'll easily recognize, including:
If you're hoping to balance your portfolio with ESG-minded investments, this ETF might be what you're looking for -- particularly if you want the potential profit of broad market exposure aligned with ESG sensibility.
If you're bothered by the fact that clean-energy concerns do not entirely drive the fund, you still have the comfort of knowing that there are clean-energy ETFs. However, if you're just beginning to focus on ESG-conscious companies, the fund can serve as a base that you selectively layer with other, more targeted ESG-friendly ETFs.
Should you buy stock in iShares Trust - iShares Global Clean Energy ETF right now?
Before you buy stock in iShares Trust - iShares Global Clean Energy ETF, consider this:
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Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $445,672!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,280,566!*
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*Stock Advisor returns as of June 10, 2026.
Dana George has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Bloom Energy, First Solar, Microsoft, Nextpower, and Nvidia. The Motley Fool recommends Enphase Energy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 Magnificent Green ETFs to Buy in 2026

First Solar, Inc. (FSLR) is the world’s largest thin-film PV solar module manufacturer and the largest PV solar module manufacturer in the Western Hemisphere. First Solar is investing heftily in the production ramp-up of its modules to expand its manufacturing capacity. The company plans to spend $0.8-$1.0 billion in 2026 to expand operations. First Solar's total installed nameplate production capacity across all its facilities was approximately 23 GW as of Dec. 31, 2025. The company manufactured 4.3 GW and sold 3.8 GW of solar modules in the first quarter of 2026. First Solar’s shares have also outperformed the industry in the past year. The company could be a top pick for growth investors. FSLR has a Growth Style Score of A, forecasting year-over-year earnings growth of 23.9% for the current fiscal year. Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026. For the next fiscal year, the consensus earnings estimates indicates a change of +36.4%. Over the past month, shares of this largest U.S. solar company have returned +41.8%, compared to the Zacks S&P 500 composite's +5.4% change.
Quanta Services, Inc. (PWR) is a leading provider of specialty contracting and infrastructure solutions for the electric and gas utility, power generation, large load center, manufacturing, communications, pipeline and energy industries. Quanta reported first-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate by 31.4% and 12.6%, respectively. The bottom and top lines increased 50.6% and 26.3% year over year, reflecting solid execution across both operating segments. Results were supported by rising utility and large-load customer spending on grid, substation and generation infrastructure. The company’s higher 2026 outlook signals improving momentum, aided by expanding programmatic awards that extend beyond shorter-cycle projects. Quanta ended the first quarter with a record backlog of $48.5 billion, up from $35.3 billion a year ago, including a 12-month backlog of $28.2 billion, up 45.4%, reinforcing strong multiyear revenue visibility. Despite execution and project-timing risks, Quanta shares have outperformed the industry year to date.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
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Quanta Services, Inc. (PWR) : Free Stock Analysis Report
First Solar, Inc. (FSLR) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Stock Picks for Week of June 8, 2026

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: First Solar (FSLR)
Headquartered in Tempe, AZ, First Solar, Inc. is the world’s largest thin-film PV solar module manufacturer and the largest PV solar module manufacturer in the Western Hemisphere. The company is a leading global provider of comprehensive photovoltaic (PV) solar energy solutions and specializes in designing, manufacturing, and selling solar electric power modules using a proprietary thin-film semiconductor technology. The company sells its products to project developers, system integrators and renewable energy project operators primarily in Europe and Germany in particular. First Solar also engages in designing and deploying commercial solar projects for utilities. The company also develops and sells PV solar power systems that primarily use the modules it manufactures. Additionally, it provides operations and maintenance (“O&M”) services to system owners.
FSLR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. FSLR has a Growth Style Score of A, forecasting year-over-year earnings growth of 23.9% for the current fiscal year.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.21 to $17.61 per share. FSLR also boasts an average earnings surprise of +5.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, FSLR should be on investors' short list.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why First Solar (FSLR) is a Top Growth Stock for the Long-Term

First Solar (FSLR) ended the recent trading session at $279.01, demonstrating a -11.41% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 2.65%. On the other hand, the Dow registered a loss of 1.35%, and the technology-centric Nasdaq decreased by 4.18%.
Shares of the largest U.S. solar company witnessed a gain of 46.78% over the previous month, beating the performance of the Oils-Energy sector with its loss of 3.06%, and the S&P 500's gain of 5.47%.
Analysts and investors alike will be keeping a close eye on the performance of First Solar in its upcoming earnings disclosure. The company is expected to report EPS of $3, down 5.66% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.06 billion, indicating a 3.31% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $17.61 per share and a revenue of $5.1 billion, demonstrating changes of +23.93% and -2.31%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for First Solar. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.34% higher. First Solar is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, First Solar is holding a Forward P/E ratio of 17.88. This indicates a discount in contrast to its industry's Forward P/E of 24.9.
One should further note that FSLR currently holds a PEG ratio of 0.7. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Solar industry currently had an average PEG ratio of 1.23 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

First Solar (FSLR) Dips More Than Broader Market: What You Should Know

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in First Solar Inc (Symbol: FSLR), where a total of 15,385 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 50.3% of FSLR's average daily trading volume over the past month of 3.1 million shares. Particularly high volume was seen for the $140 strike put option expiring January 15, 2027, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $140 strike highlighted in orange:
Kraft Heinz Co (Symbol: KHC) options are showing a volume of 75,495 contracts thus far today. That number of contracts represents approximately 7.5 million underlying shares, working out to a sizeable 49.8% of KHC's average daily trading volume over the past month, of 15.2 million shares. Especially high volume was seen for the $24 strike call option expiring June 05, 2026, with 15,657 contracts trading so far today, representing approximately 1.6 million underlying shares of KHC. Below is a chart showing KHC's trailing twelve month trading history, with the $24 strike highlighted in orange:
And SanDisk Corp (Symbol: SNDK) options are showing a volume of 65,364 contracts thus far today. That number of contracts represents approximately 6.5 million underlying shares, working out to a sizeable 48.8% of SNDK's average daily trading volume over the past month, of 13.4 million shares. Especially high volume was seen for the $2000 strike call option expiring June 05, 2026, with 1,757 contracts trading so far today, representing approximately 175,700 underlying shares of SNDK. Below is a chart showing SNDK's trailing twelve month trading history, with the $2000 strike highlighted in orange:
For the various different available expirations for FSLR options, KHC options, or SNDK options, visit StockOptionsChannel.com.
Further FSLR Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Wednesday Option Activity: FSLR, KHC, SNDK

Key Points
Prior to the start of this week, First Solar stock had dropped about 1.3%.
An analyst provided an upwardly revised price target for First Solar stock.
Before this week began, First Solar (NASDAQ: FSLR) stock had declined about 1.3% since the start of 2026. This week, however, shares of the solar stock are heading sharply in the other direction. With an analyst providing a bullish outlook for First Solar stock, investors have found sufficient cause to click the buy button.
According to data provided by S&P Global Market Intelligence, shares of First Solar are up 17.7% from the end of trading last Friday through the close of yesterday's market session.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
One analyst is forecasting bright days ahead for this solar stock
Upgrading First Solar stock to buy from hold on Wednesday, GLJ Research analyst Gordon Johnson raised his price target 52% to $315 from $207.82. According to Thefly.com, the company has reduced its risk through the launch of its Series 6 CuRe Copper Replacement program at its Ohio manufacturing campus.
Based on First Solar's shares closing at $269.95 on Tuesday, Johnson's price target implies upside of 16.7%.
Is now the time to power your portfolio with First Solar stock?
Instead of placing too much emphasis on one analyst's price target, potential solar stock investors would be better served to evaluate the company's financials. With the company growing both revenue and free cash flow over the past couple of years, First Solar is in sound financial health. And while the current lack of enthusiasm in Washington D.C. may be a headwind for First Solar in the near-term, this certainly isn't a factor that suggests the sun has set on the company's potential growth in the long term.
Should you buy stock in First Solar right now?
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why First Solar Stock Is Soaring This Week

For Immediate Release
Chicago, IL – May 28, 2026 – Today, Zacks Equity Research discusses First Solar FSLR, Enphase Energy ENPH and Canadian Solar CSIQ.
Industry: Solar Energy
Link: https://www.zacks.com/commentary/2927221/3-solar-stocks-offering-opportunity-despite-ongoing-industry-weakness
The U.S. solar market continues to benefit from strong demand driven by rising electricity consumption, AI-powered data center growth and corporate clean-energy goals, with the Solar Energy Industries Association projecting solar capacity to nearly triple by 2036. However, growth is being tempered by policy uncertainty following the OBBBA, tighter tax-credit timelines, supply-chain pressures and weaker residential solar economics resulting from changes such as California’s Net Billing Tariff, all of which are increasing project risks and slowing parts of the market. A few prominent companies that solar investors may want to monitor are First Solar, Enphase Energy and Canadian Solar.
About the Industry
The Zacks Solar industry can be fundamentally categorized into two groups of companies. One is involved in designing and producing high-efficiency solar modules, panels and cells, while the other is engaged in installing grids and, in some cases, entire solar power systems. The industry also includes a handful of companies that manufacture inverters for solar power systems, which convert solar power from modules into electricity required by electric grids. Per a report from the U.S. Energy Information Administration (“EIA”), solar’s share of U.S. electricity generation will be 8% in 2026 and 9% in 2027. It remains the nation's dominant form of new generating capacity.
3 Trends Shaping the Future of the Solar Industry
Strong Demand Supports Solar Market Growth: Utilities and businesses across the United States are accelerating their adoption of solar energy — particularly solar systems combined with battery storage — as they seek cleaner, more resilient and cost-effective power solutions. Rising electricity prices and growing decarbonization commitments are making solar increasingly attractive, while battery storage helps users maintain power reliability during grid disruptions and periods of peak demand.
The U.S. solar market is experiencing rapid expansion due to an unprecedented increase in electricity demand from data centers. The rapid expansion of artificial intelligence and cloud computing has significantly increased electricity consumption, prompting major technology companies and hyperscalers to invest aggressively in utility-scale solar and energy-storage projects. These investments are intended not only to secure reliable grid capacity for future operations, but also to support ambitious corporate sustainability and net-zero commitments.
A report published in March 2026 by the Solar Energy Industries Association (“SEIA”) projects cumulative U.S. solar capacity to nearly triple from 279 GWdc installed at year-end 2025 to 769 GWdc by 2036, with average annual capacity additions exceeding 44 GWdc. The updated forecast represents an increase from the prior quarter’s outlook, reflecting a stronger near-term utility-scale project pipeline and continued growth in energy demand expectations.
Policy Uncertainty Slows the Momentum: Policy uncertainty at the federal level has emerged as a significant challenge for the U.S. solar sector after the enactment of the One Big Beautiful Bill Act (“OBBBA”). The law significantly reduced the eligibility window for key clean-energy tax incentives, requiring most solar and wind projects to either begin construction by July 2026 or enter service before the end of 2027 to qualify for federal tax credits.
In addition, the legislation imposed more rigorous construction qualification rules along with stricter regulations tied to foreign sourcing and supply-chain compliance. These changes have heightened development, financing and execution risks across the industry. Many market participants believe the tighter deadlines could force delays, restructuring or even cancellation of projects that are still navigating permitting approvals or grid interconnection processes.
The SEIA report highlighted that the residential segment installed 4,647 MWdc of solar capacity in 2025, representing a 2% decline from 2024 levels. Although module shortages and delivery delays raised concerns late in the year, most installers secured sufficient equipment to complete projects. Demand also failed to meaningfully accelerate ahead of the Section 25D tax credit expiration, as the OBBBA provided too little time for companies to ramp up sales, customer acquisition and installations before the deadline.
Tariff Pressures Strain Solar Economics: The heightened U.S. tariffs on imported goods have been negatively impacting nearly all industries, and solar is no exception. As expected, these tariffs have increased manufacturing costs for solar companies, which were already grappling with raw material shortages due to global supply-chain challenges. State-level policy changes have added pressure to the residential solar market. For example, California’s transition to the Net Billing Tariff (“NBT”) significantly reduced the compensation homeowners receive for excess electricity exported to the grid, lowering the economic benefits of rooftop solar systems.
According to the SEIA report, the U.S. commercial solar segment grew 6% in 2025, reaching 2,345 MWdc of new installations, largely driven by the continued rollout of California projects approved under the more favorable NEM 2.0 policy. Despite the transition to the less attractive NBT system, over 70% of fourth-quarter installations were still NEM 2.0 projects. However, as the backlog gradually declines, the market is expected to slow in 2026 because projects developed under NBT generally offer lower customer savings and weaker economic returns.
Zacks Industry Rank Reflects Gloomy Outlook
The Zacks Solar industry is housed within the broader Zacks Oils-Energy sector. It currently carries a Zacks Industry Rank #203, which places it in the bottom 17% of more than 245 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is due to a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential over the past few months. The industry’s bottom-line estimate for the current fiscal year has moved down 9.1% to $1.50 since Feb. 28.
Before we present a few solar stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Beats Sector & S&P 500
The solar industry has outperformed both its sector and the Zacks S&P 500 composite over the past year. The stocks in this industry have collectively grown 71.4% over the past year, while the Oils-Energy sector rose 43.3%. The Zacks S&P 500 composite has surged 31% in the same time frame.
Industry's Current Valuation
On the basis of the trailing 12-month EV/EBITDA, which is commonly used for valuing solar stocks, the industry is currently trading at 12.76X compared with the S&P 500’s 18.65X and the sector’s 7.03X.
Over the past five years, the industry has traded as high as 34.03X, as low as 4.44X and at the median of 13.12X.
3 Solar Stocks to Watch
Canadian Solar: Based in Kitchener, Ontario, Canada, the company is one of the leading manufacturers of solar PV modules and a provider of solar energy and battery energy storage solutions. On May 14, 2026, CSIQ reported first-quarter results. Solar module shipments in the quarter totaled 2.5 GW, down 64% year over year. Total battery energy storage shipments amounted to 2.1 GWh, up 142% year over year. The company commenced trial production at the flagship HJT solar cell factory in Jeffersonville, IN, marking a milestone in U.S. domestic manufacturing, with commercial operation targeted to begin in July 2026.
The Zacks Consensus Estimate for Canadian Solar’s 2026 earnings per share (EPS) indicates an increase of 53.6% year over year. The consensus estimate for 2026 sales indicates an increase of 2.8% year over year. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Enphase Energy: Based in Fremont, CA, this company is a global energy technology company that delivers energy management technology for the solar industry. It designs, develops, manufactures and sells home energy solutions, which connect energy generation, energy storage and control and communications management on a single intelligent platform. On May 18, 2026, Enphase Energy, announced the launch of PowerMatch technology for IQ Battery 10C systems in the United States, including Puerto Rico, and for IQ Battery 5P systems across North America and select countries in Central America and the Caribbean. During the first quarter of 2026, ENPH shipped 1.39 million microinverters from Texas and South Carolina facilities.
The Zacks Consensus Estimate for Enphase Energy’s 2026 earnings has improved 2.91% over the past 60 days. The consensus estimate for 2027 EPS indicates an increase of 19.9% year over year. The stock currently carries a Zacks Rank of 3.
First Solar: Based in Tempe, AZ, the company is a leading global provider of comprehensive PV solar energy solutions and specializes in designing, manufacturing, and selling solar electric power modules using a proprietary thin-film semiconductor technology. On April 30, 2026, FSLR reported first-quarter results. Net sales were $1.04 billion for the first quarter, a 24% increase year over year, driven primarily by an increase in the volume of modules sold to third parties. It reported contracted sales backlog of 47.9 GW as of March 31, 2026.
The Zacks Consensus Estimate for First Solar’s 2026 EPS indicates an improvement of 24.1% from the prior-year reported figure. The consensus estimate for 2027 EPS indicates an improvement of 36.2% year over year. The company currently carries a Zacks Rank of 3.
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Industry Outlook Highlights First Solar, Enphase Energy and Canadian Solar

The U.S. solar market continues to benefit from strong demand driven by rising electricity consumption, AI-powered data center growth and corporate clean-energy goals, with the Solar Energy Industries Association projecting solar capacity to nearly triple by 2036. However, growth is being tempered by policy uncertainty following the OBBBA, tighter tax-credit timelines, supply-chain pressures and weaker residential solar economics resulting from changes such as California’s Net Billing Tariff, all of which are increasing project risks and slowing parts of the market. A few prominent companies that solar investors may want to monitor are First Solar FSLR, Enphase Energy ENPH and Canadian Solar CSIQ.
About the Industry
The Zacks Solar industry can be fundamentally categorized into two groups of companies. One is involved in designing and producing high-efficiency solar modules, panels and cells, while the other is engaged in installing grids and, in some cases, entire solar power systems. The industry also includes a handful of companies that manufacture inverters for solar power systems, which convert solar power from modules into electricity required by electric grids. Per a report from the U.S. Energy Information Administration (“EIA”), solar’s share of U.S. electricity generation will be 8% in 2026 and 9% in 2027. It remains the nation's dominant form of new generating capacity.
3 Trends Shaping the Future of the Solar Industry
Strong Demand Supports Solar Market Growth: Utilities and businesses across the United States are accelerating their adoption of solar energy — particularly solar systems combined with battery storage — as they seek cleaner, more resilient and cost-effective power solutions. Rising electricity prices and growing decarbonization commitments are making solar increasingly attractive, while battery storage helps users maintain power reliability during grid disruptions and periods of peak demand. The U.S. solar market is experiencing rapid expansion due to an unprecedented increase in electricity demand from data centers. The rapid expansion of artificial intelligence and cloud computing has significantly increased electricity consumption, prompting major technology companies and hyperscalers to invest aggressively in utility-scale solar and energy-storage projects. These investments are intended not only to secure reliable grid capacity for future operations, but also to support ambitious corporate sustainability and net-zero commitments.
A report published in March 2026 by the Solar Energy Industries Association (“SEIA”) projects cumulative U.S. solar capacity to nearly triple from 279 GWdc installed at year-end 2025 to 769 GWdc by 2036, with average annual capacity additions exceeding 44 GWdc. The updated forecast represents an increase from the prior quarter’s outlook, reflecting a stronger near-term utility-scale project pipeline and continued growth in energy demand expectations.
Policy Uncertainty Slows the Momentum: Policy uncertainty at the federal level has emerged as a significant challenge for the U.S. solar sector after the enactment of the One Big Beautiful Bill Act (“OBBBA”). The law significantly reduced the eligibility window for key clean-energy tax incentives, requiring most solar and wind projects to either begin construction by July 2026 or enter service before the end of 2027 to qualify for federal tax credits. In addition, the legislation imposed more rigorous construction qualification rules along with stricter regulations tied to foreign sourcing and supply-chain compliance. These changes have heightened development, financing and execution risks across the industry. Many market participants believe the tighter deadlines could force delays, restructuring or even cancellation of projects that are still navigating permitting approvals or grid interconnection processes.
The SEIA report highlighted that the residential segment installed 4,647 MWdc of solar capacity in 2025, representing a 2% decline from 2024 levels. Although module shortages and delivery delays raised concerns late in the year, most installers secured sufficient equipment to complete projects. Demand also failed to meaningfully accelerate ahead of the Section 25D tax credit expiration, as the OBBBA provided too little time for companies to ramp up sales, customer acquisition and installations before the deadline.
Tariff Pressures Strain Solar Economics: The heightened U.S. tariffs on imported goods have been negatively impacting nearly all industries, and solar is no exception. As expected, these tariffs have increased manufacturing costs for solar companies, which were already grappling with raw material shortages due to global supply-chain challenges. State-level policy changes have added pressure to the residential solar market. For example, California’s transition to the Net Billing Tariff (“NBT”) significantly reduced the compensation homeowners receive for excess electricity exported to the grid, lowering the economic benefits of rooftop solar systems.
According to the SEIA report, the U.S. commercial solar segment grew 6% in 2025, reaching 2,345 MWdc of new installations, largely driven by the continued rollout of California projects approved under the more favorable NEM 2.0 policy. Despite the transition to the less attractive NBT system, over 70% of fourth-quarter installations were still NEM 2.0 projects. However, as the backlog gradually declines, the market is expected to slow in 2026 because projects developed under NBT generally offer lower customer savings and weaker economic returns.
Zacks Industry Rank Reflects Gloomy Outlook
The Zacks Solar industry is housed within the broader Zacks Oils-Energy sector. It currently carries a Zacks Industry Rank #203, which places it in the bottom 17% of more than 245 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is due to a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential over the past few months. The industry’s bottom-line estimate for the current fiscal year has moved down 9.1% to $1.50 since Feb. 28.
Before we present a few solar stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Beats Sector & S&P 500
The solar industry has outperformed both its sector and the Zacks S&P 500 composite over the past year. The stocks in this industry have collectively grown 71.4% over the past year, while the Oils-Energy sector rose 43.3%. The Zacks S&P 500 composite has surged 31% in the same time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of the trailing 12-month EV/EBITDA, which is commonly used for valuing solar stocks, the industry is currently trading at 12.76X compared with the S&P 500’s 18.65X and the sector’s 7.03X.
Over the past five years, the industry has traded as high as 34.03X, as low as 4.44X and at the median of 13.12X.
EV-EBITDA Ratio (TTM)
3 Solar Stocks to Watch
Canadian Solar: Based in Kitchener, Ontario, Canada, the company is one of the leading manufacturers of solar PV modules and a provider of solar energy and battery energy storage solutions. On May 14, 2026, CSIQ reported first-quarter results. Solar module shipments in the quarter totaled 2.5 GW, down 64% year over year. Total battery energy storage shipments amounted to 2.1 GWh, up 142% year over year. The company commenced trial production at the flagship HJT solar cell factory in Jeffersonville, IN, marking a milestone in U.S. domestic manufacturing, with commercial operation targeted to begin in July 2026.
The Zacks Consensus Estimate for Canadian Solar’s 2026 earnings per share (EPS) indicates an increase of 53.6% year over year. The consensus estimate for 2026 sales indicates an increase of 2.8% year over year. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: CSIQ
Enphase Energy: Based in Fremont, CA, this company is a global energy technology company that delivers energy management technology for the solar industry. It designs, develops, manufactures and sells home energy solutions, which connect energy generation, energy storage and control and communications management on a single intelligent platform. On May 18, 2026, Enphase Energy, announced the launch of PowerMatch technology for IQ Battery 10C systems in the United States, including Puerto Rico, and for IQ Battery 5P systems across North America and select countries in Central America and the Caribbean. During the first quarter of 2026, ENPH shipped 1.39 million microinverters from Texas and South Carolina facilities.
The Zacks Consensus Estimate for Enphase Energy’s 2026 earnings has improved 2.91% over the past 60 days. The consensus estimate for 2027 EPS indicates an increase of 19.9% year over year. The stock currently carries a Zacks Rank of 3.
Price & Consensus: ENPH
First Solar: Based in Tempe, AZ, the company is a leading global provider of comprehensive PV solar energy solutions and specializes in designing, manufacturing, and selling solar electric power modules using a proprietary thin-film semiconductor technology. On April 30, 2026, FSLR reported first-quarter results. Net sales were $1.04 billion for the first quarter, a 24% increase year over year, driven primarily by an increase in the volume of modules sold to third parties. It reported contracted sales backlog of 47.9 GW as of March 31, 2026.
The Zacks Consensus Estimate for First Solar’s 2026 EPS indicates an improvement of 24.1% from the prior-year reported figure. The consensus estimate for 2027 EPS indicates an improvement of 36.2% year over year. The company currently carries a Zacks Rank of 3.
Price & Consensus: FSLR
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

First Solar, Inc.

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