First Solar Inc. (NASDAQ:FSLR) is considered one of the best solar energy stocks to buy now, with Jefferies increasing its price target to $269 despite recent contract cancellations by BP. First Solar is seeking new deals at higher rates and is supported by favorable U.S. trade policies and market conditions.

Jefferies sees potential upside for First Solar from contract cancellations if it can rebook at better prices. While near-term volume projections have been adjusted, the company’s financial health remains strong with a solid balance sheet and manageable debt levels.

First Solar recently shared its third-quarter 2025 results, reporting $1.59 billion in revenue due to record shipments of 5.3 gigawatts. However, earnings per share slightly missed projections at $4.24, impacted by temporary underutilization costs affecting margins.

First Solar Inc. (NASDAQ:FSLR) is a leading solar energy company specializing in advanced thin-film solar panels for electricity generation. With a focus on responsibly-made, high-performance PV modules, it is a key player in the global solar technology industry.

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Read more at Yahoo Finance: Is First Solar (FSLR) One of the Best Solar Energy Stocks to Buy Right Now?