3 Solar Stocks for Heading Into the Third Quarter
The solar industry has had its share of ups and downs the past few years. Over capacity, excessive leverage, and other concerns had dimmed the sector's outlook, causing steep declines in solar stocks, evidenced by the more than 45% plunge in the Guggenheim Solar ETF (NYSEMKT: TAN) -- which tracks the MAC Global Solar Energy Stock Index -- over the past three years. That said, the outlook for solar has brightened this year, which has taken solar stocks, and the Guggenheim Solar ETF, up sharply.
That said, even with the sector's recent rebound, we think it still has plenty of room to run. Three stocks that we're bullish on as we head into the third quarter are SolarEdge Technologies (NASDAQ: SEDG), First Solar (NASDAQ: FSLR), and TerraForm Power (NASDAQ: TERP). Here's why we like their prospects both for the near and long term.
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Source: Fool.com
First Solar Inc. Stock
With 38 Buy predictions and 1 Sell predictions First Solar Inc. is one of the favorites of our community.
With a target price of 220 € there is a slightly positive potential of 16.05% for First Solar Inc. compared to the current price of 189.58 €.
