Andrew Left, the founder of Citron, has revealed his bullish stance on several investments, including First Solar (FSLR), Amazon (AMZN, Financial), and the iShares China Large-Cap ETF. Citron, once known for its short-selling strategies, shifted focus in 2021 to identify long-term growth opportunities for retail investors.
Left is optimistic about First Solar (FSLR) following new U.S. tariffs on solar imports, which he believes will benefit the company. First Solar produces solar products domestically and competes with Asian manufacturers. The tariffs are expected to enhance its pricing power and market position as it battles against lower-cost imports.
Regarding Amazon (AMZN, Financial), Left highlighted the stock's potential, especially when consumer budgets are tight. He noted that Amazon's dynamic pricing strategy allows it to remain competitive even during tariff impacts. Holding Amazon at a low price-to-earnings ratio provides him with confidence amid market volatility.
Left's investment in the iShares China Large-Cap ETF stems from his belief that China's market is undervalued and poised for growth. Despite global trade tensions, he sees China's economic resilience and government support as catalysts for future market gains.
