First Solar (NASDAQ:FSLR) Cut to Neutral at Robert W. Baird

First Solar (NASDAQ:FSLR) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $205.00 target price on the solar cell manufacturer’s stock, down from their prior target price of $264.00. Robert W. Baird’s price target points to a potential downside of 15.71% from the company’s current price.

A number of other equities research analysts have also recently commented on FSLR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $300.00 target price on shares of First Solar in a research note on Wednesday, January 7th. Needham & Company LLC raised their price objective on shares of First Solar from $286.00 to $303.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Solar in a report on Monday, December 29th. Evercore increased their price target on First Solar from $240.90 to $241.00 in a research note on Friday, October 31st. Finally, BMO Capital Markets set a $263.00 price target on First Solar in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, First Solar currently has an average rating of “Moderate Buy” and an average price target of $271.57.

First Solar Stock Performance

Shares of FSLR opened at $243.21 on Wednesday. First Solar has a 12 month low of $116.56 and a 12 month high of $285.99. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $245.45 and its two-hundred day simple moving average is $236.31. The company has a market cap of $26.10 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 0.31 and a beta of 1.60.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.38). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the business earned $3.65 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that First Solar will post 13.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Solar

Several institutional investors have recently modified their holdings of the stock. Aventura Private Wealth LLC bought a new position in shares of First Solar during the 4th quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in First Solar during the fourth quarter worth $26,000. Larson Financial Group LLC increased its position in First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of First Solar in the fourth quarter valued at $30,000. Finally, MV Capital Management Inc. purchased a new stake in shares of First Solar in the fourth quarter valued at $30,000. 92.08% of the stock is owned by institutional investors.

More First Solar News

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: Management emphasized record 2025 net sales, large gross bookings (2.3 GW ex-India) and plans to add U.S. finishing capacity (South Carolina), signaling demand visibility and onshore expansion that support long-term growth. Read More.
• Positive Sentiment: First Solar signed a patent licensing agreement with Oxford PV, broadening tech access for U.S. markets and potentially strengthening product pipeline/competitiveness. Read More.
• Positive Sentiment: Needham raised its price target to $303 and maintained a buy rating, reflecting analyst conviction that upside remains despite short-term headwinds. Read More.
• Neutral Sentiment: Q4 revenue of $1.68B beat consensus (up 11% YoY), and the company posted higher full?year 2025 profit — mixed operational signals that complicate near-term forecasting. Read More.
• Neutral Sentiment: Company released an earnings slide deck and call transcript with detail on bookings, low?bin inventory clearance and strategy — useful for modeling but not immediately market-moving. Read More.
• Negative Sentiment: EPS missed consensus ($4.84 vs. $5.22), prompting investor concern about near-term margins and execution. Read More.
• Negative Sentiment: FY2026 revenue guidance came in well below Street estimates (midpoint ~$5.05B vs. ~$6.2B consensus), which triggered a sharp post?earnings selloff and is the primary driver of downward pressure on the stock. Read More.
• Negative Sentiment: U.S. preliminary anti-subsidy duties on panels from India, Indonesia and Laos raise the prospect of higher domestic prices and supply constraints that could depress volume or mix in 2026. Management cited tariff impacts and underutilization as issues. Read More.

First Solar Company Profile

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.