Shares of First Solar, Inc. (NASDAQ:FSLR – Get Free Report) have received an average rating of “Moderate Buy” from the thirty-five research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $261.7869.
Several brokerages have weighed in on FSLR. Citigroup increased their target price on First Solar from $294.00 to $297.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Mizuho set a $324.00 price target on shares of First Solar in a report on Thursday. Morgan Stanley upped their price target on shares of First Solar from $230.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of First Solar from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 25th.
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Insider Buying and Selling
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FSLR. Apollon Wealth Management LLC lifted its holdings in First Solar by 1.2% in the fourth quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock worth $942,000 after purchasing an additional 44 shares during the period. Root Financial Partners LLC raised its position in shares of First Solar by 18.2% during the 4th quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock worth $76,000 after buying an additional 45 shares in the last quarter. Fiduciary Financial Group LLC raised its position in shares of First Solar by 2.3% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the solar cell manufacturer’s stock worth $478,000 after buying an additional 45 shares in the last quarter. FIL Ltd lifted its stake in shares of First Solar by 6.9% in the 4th quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock worth $185,000 after acquiring an additional 46 shares during the period. Finally, Fielder Capital Group LLC lifted its stake in shares of First Solar by 4.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock worth $312,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.
Key First Solar News
Here are the key news stories impacting First Solar this week:
- Positive Sentiment: Robert W. Baird upgraded First Solar to Outperform and established a $318 price target. The firm said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving the company’s outlook. First Solar Upgraded at Robert W. Baird
- Positive Sentiment: Solar power generated more electricity than wind globally for the first time last year and nearly matched nuclear generation. The milestone supports the broader growth case for solar manufacturers such as First Solar, although it does not represent a company-specific earnings update. Solar Power Hits Big Milestone, Trumping Wind For First Time
- Neutral Sentiment: First Solar’s general counsel sold 3,700 shares worth approximately $922,706 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his holdings by about 40%, but the planned nature of the sale limits its value as a signal about management’s current expectations. Jason Dymbort Sells First Solar Shares
- Negative Sentiment: Multiple law firms are publicizing a securities class action against First Solar and certain officers. The alleged class period is February 26, 2025, through February 24, 2026, and investors have until August 24, 2026, to seek lead-plaintiff status. The notices allege securities-law violations and investor losses related to disclosures concerning tariffs and company guidance; the allegations have not been proven. Pomerantz First Solar Class Action Filing
First Solar Trading Up 0.8%
NASDAQ:FSLR opened at $225.56 on Tuesday. The firm has a market capitalization of $24.24 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.49 and a beta of 1.75. The stock has a 50 day moving average of $233.60 and a 200-day moving average of $224.87. First Solar has a 52 week low of $179.06 and a 52 week high of $320.95.
First Solar (NASDAQ:FSLR – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm earned $3.18 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts predict that First Solar will post 17.75 EPS for the current fiscal year.
About First Solar
First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.
Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.
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