3 Oversold Solar Stocks to Buy ASAP – 8/8

Company: First Solar (SYM: FSLR)

Look at First Solar (SYM: FSLR), for example.

After slipping from $310 to a recent low of about $200, the stock is just starting to pivot higher again. Last trading at $217.08, we’d like to see it initially retest $270. Better, earnings have been explosive, with Q2 net income soaring to $349 million, or $3.25 a share from $171 million, or $1.59 a share year over year.

Company: Sunrun (SYM: RUN)

There’s also Sunrun (SYM: RUN).

Pushing higher on earnings, RUN could easily push higher, too. 

Second quarter EPS jumped to 55 cents, beating estimates by 55 cents. Revenue of $523.9 million while down 11.2% year over year beat by $6.19 million.



“The team is executing on our margin-focused and disciplined-growth strategy, which is producing strong results. We expect positive Cash Generation in Q3, are on track for our annualized run-rate target of $200 to $500 million in Q4, and are excited to introduce our 2025 Cash Generation guidance of $350 to $600 million,” said Danny Abajian, Sunrun’s Chief Financial Officer. “We continue to execute well in the capital markets and believe our sponsor quality and record of strong asset performance continue to differentiate us in the market.”

ETF: Invesco Solar ETF (SYM: TAN)

Or, if you’d rather diversify, look into the TAN ETF.

With an expense ratio of 0.67%, the Invesco Solar ETF (SYM: TAN) holds 48 solar-related stocks, such as Enphase Energy, First Solar, Sunrun, NEXTracker, and Xinyi Solar to name a few. Even better, you can own a piece of all 48 TAN ETF holdings for less than $41 a share.