In a battle between two clean energy giants, which stock is better for long-term investors right now: GE Vernova (GEV 3.39%) or First Solar (FSLR 0.76%)?

GE Vernova

Today’s Change

(-3.39%) $-28.22

Current Price

$803.89

GE Vernova benefits from AI demand

GE Vernova had an excellent 2025, led by $59.3 billion in orders, $38.1 billion in revenue, and $31.2 billion in backlog growth. Artificial intelligence (AI) and industrial electrification are the main reasons behind the company’s surge, and that doesn’t seem to be slowing down.

For 2026, GE Vernova raised its guidance, now anticipating revenue of $44 billion to $45 billion led by its power and electrification divisions. The only thing holding GE Vernova back is its lagging wind business. Wind is expected to lose revenue again in 2026 and experience $400 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) losses.

GE Vernova should continue to see stellar growth through 2028. The company recently doubled its dividend to $0.50 and authorized additional share repurchases.

First Solar had a sunny year

First Solar’s stock recently declined, but it is still up 50% over the past 12 months. The solar company had a solid 2025 with a 24% increase in third-party module volume. This unit growth resulted in a billion-dollar increase in net sales, from $4.2 billion in 2024 to $5.2 billion in 2025.

First Solar

Today’s Change

(-0.76%) $-1.51

Current Price

$196.05

First Solar has an exceptionally strong balance sheet compared to solar competitors. The company maintains a strong cash position compared to a very manageable debt load.

The biggest challenge for First Solar is its 2026 guidance. The company anticipates flat growth, which has investors and analysts concerned. Governmental policy risk weighs on First Solar as the window for federal clean energy tax credits was shortened by the Trump administration’s “big, beautiful bill.” 

The winner of the battle royale

GE Vernova is the stronger growth stock right now. While demand for solar remains high, the shift in government policy is a real challenge. GE Vernova has the clearer growth path and is thus the winner of the battle royale.