(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — First Solar (FSLR) has been a difficult long-term investment over the past two decades as the industry has been forced to rapidly re-prioritize to meet millions of challenges along the way. If it wasn’t competition from China, it was tax threats, dramatic changes in the funding landscape, disruption of ESG themes, and literally anything else you can think of. Solar power as an investment idea is far from easy for believers. Don’t get me wrong. If you’ve owned FSLR since its IPO, it’s up almost 900%. However, almost all of that performance happened in the first few years and then the last few years, with more than a decade of torture occurring in the midst of it all. Imagine surviving this situation despite the rewards. The average annual return over 15 years is just 3.41%. That’s unbearable volatility. But things have changed, and today I wanted to shine a spotlight on this name. Because I think this name deserves to be on screen. We haven’t pulled the trigger on an entry yet, but we might someday. This article provides the necessary background for that moment. As Sean explains, there’s something fundamentally exciting going on here. It’s worth hoping for a new 20-year high. Stock to watch: First Solar, Inc. (FSLR) Sean — Energy infrastructure is very difficult to scale. Natural gas takes five years, but something like a nuclear power plant can take more than 10 years to permit, build, and operate. Solar power, on the other hand, is said to be the fastest and most commercially viable. FSLR is poised to meet record energy demand in the most efficient (and profitable) way. First Solar is the only remaining U.S.-based solar power manufacturing company. The company’s vertically integrated thin film technology uses a continuous manufacturing process that is independent of the Chinese supply chain, insulating the supply chain from tariffs, supply chain bottlenecks and poor quality manufacturing. FSLR reports on salable gigawatts (GW), which represents the power a panel can generate. The company delivered record third-quarter results, selling 5.3 GW of modules and generating net sales of $1.6 billion, an increase of $500 million sequentially. FSLR’s outstanding contract is valued at $16.4 billion, or 54.5 gigawatts, and runs through 2030. FSLR is ramping up capacity just in time for a major infrastructure cycle that is well underway. They are opening a new facility in Louisiana that will add 3.7 gigawatts of annual production, bringing their total potential annual production to about 24 gigawatts. FSLR has made an incredible turnaround in terms of profitability. Gross profit margin increased from 2.7% in FY2022 to 44.2% in FY2024, marking the highest revenue. We can see an improvement in profitability from 2022 onwards. This company isn’t slowing down. FSLR expects EPS to increase by 50% next year, with sales volume of 16.7 billion to 17.4 billion kW, which will translate into revenue of approximately $5 billion. Here Josh talks about risk management… Risk Management Josh — We don’t normally create chart configurations like this, but the purpose of today’s column is simply to get your name on the radar. First Solar has rebounded significantly from its highs in late 2025 and is currently trading below 50 days after an extended period of trading. Recent candlestick closings have been weak and there has been little upside movement, suggesting that the selling pressure has not completely disappeared, but is still there. This is okay. This is called waiting for a better setup. Momentum reflects that reset, and short-term risks remain high for new buyers as the RSI is below 50 but has not turned upwards yet. There is no need to rush into positions until the RSI stabilizes. If the stock stabilizes and can regain the 50-day period with a stronger close, and then see momentum further up and confirmed, my confidence will increase even more. This means that the buyer is regaining control after this digestion stage. If this recent bottom is not held, there will be a deeper reset towards the 200-day rally around the 200-day mark, making areas where risk could be compressed more obvious. Again, in that area, we should see the downside momentum start to weaken (RSI stabilizing). In other words, you can either have this name appear higher on the sheet when you take the 50-day retest, or lower it if you successfully complete the 200-day retest. Until any of these conditions materialize, this looks more like a pause in what is still unfolding than a spot actively pushing new exposures. Although a stock may appear on a list of best stocks, the stock is not ready for new long positions. This is one of them. Disclosure: (none) All opinions expressed by CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, its parent or affiliates, and may have been previously disseminated on television, radio, the Internet, or another medium. This content is provided for informational purposes only and does not constitute financial, investment, tax, or legal advice or a recommendation to purchase any securities or other financial assets. The Content is general in nature and does not reflect any individual’s unique personal circumstances. The above may not be appropriate for your particular situation. 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