This solar stock in Josh Brown's Best Stocks list could soon break out to 20-year highs

January 22, 2026

TL;DR

First Solar (FSLR) has a history of volatility but shows current fundamental strength.
The company is the only US-headquartered solar manufacturer, using vertically integrated thin-film technology.
FSLR avoids Chinese supply chains, mitigating risks from tariffs and disruptions.
Record third-quarter results included 5.3 GW of modules sold, with net sales of $1.6 billion.
A contracted backlog of $16.4 billion (54.5 GW) extends through 2030.
New Louisiana facility increases annual production capacity to approximately 24 GW.
Profitability has dramatically improved, with gross margins rising from 2.7% (FY2022) to 44.2% (FY2024).
Expected 50% EPS growth and $5 billion in revenue for the coming year.
The stock has pulled back from highs, and technical indicators suggest waiting for a better entry point, either on a reclaim of the 50-day moving average or a retest of the 200-day moving average.

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