First Solar shares declined by 1.66% in the most recent trading session, underperforming a broadly rising market. Trading volume was 20% above its 30-day average, signaling elevated investor activity. The pullback follows a six-session rally that lifted the stock by more than 8%, suggesting a short-term consolidation before the next catalyst.

Josh Brown, CEO of Ritholtz Wealth Management, highlighted First Solar on CNBC’s Halftime Report as one of his top stock picks. He emphasized the company’s leadership in thin-film photovoltaic modules and its strong project pipeline across North America and Europe. According to Brown, First Solar’s low-cost manufacturing footprint and growing demand for utility-scale solar projects make it a high-conviction pick for investors seeking exposure to the energy transition.

In its third quarter of fiscal 2025, First Solar reported revenue of $1.59 billion, up 79.7% year-over-year, driven by accelerating module shipments to utility-scale projects. Net income rose to $456 million, translating to earnings per share of $13.04. Gross margins held at 38.3%, reflecting operational efficiency in its U.S. manufacturing base. The stock trades at 19 times trailing earnings and 11 times forward estimates—valuation metrics that Craig-instance analysts say still leave room for growth. Notably, First Solar is the second-largest holding in the iShares Global Clean Energy ETF at 7.44%, underscoring its central role in large-scale solar infrastructure, including planned developments in the Middle East under national Vision 2030 programs.