First Solar, Inc. (NASDAQ:FSLR) Receives $256.41 Consensus Price Target from Analysts

First Solar, Inc. (NASDAQ:FSLR) has received an average rating of “Moderate Buy” from the thirty-four analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $257.0972.

A number of research analysts have issued reports on FSLR shares. Susquehanna increased their target price on shares of First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. HSBC lifted their price target on shares of First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft upgraded First Solar from a “hold” rating to a “buy” rating and boosted their price target for the company from $245.00 to $272.00 in a research note on Monday, July 6th. TD Cowen restated a “buy” rating on shares of First Solar in a research note on Monday. Finally, Morgan Stanley lifted their price objective on First Solar from $230.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, July 9th.

First Solar Trading Down 1.4%

Shares of First Solar stock opened at $205.92 on Friday. The firm has a 50-day moving average of $249.20 and a 200-day moving average of $227.09. The stock has a market cap of $22.13 billion, a PE ratio of 13.30, a PEG ratio of 0.46 and a beta of 1.73. First Solar has a 52-week low of $171.99 and a 52-week high of $320.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating the consensus estimate of $2.87 by $0.35. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $1.95 earnings per share. First Solar’s revenue was up 23.6% compared to the same quarter last year. As a group, sell-side analysts forecast that First Solar will post 17.54 EPS for the current year.

More First Solar News

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

• Negative Sentiment: Several firms, including Bronstein, Gewirtz & Grossman, Pomerantz, Faruqi & Faruqi, Levi & Korsinsky, and others, announced or reminded investors about a securities class-action lawsuit against First Solar, adding legal overhang and uncertainty for the stock. Article Title
• Negative Sentiment: The lawsuit allegations focus on alleged investor harm and claims that First Solar overstated favorable long-term conditions while its international facilities faced mounting headwinds, which could raise concerns about future disclosures and potential settlement costs. Article Title
• Neutral Sentiment: TD Cowen reportedly reiterated a Buy rating, and Zacks highlighted that First Solar may be positioned to beat upcoming earnings estimates, offering some offsetting support from the analyst and fundamentals side. Article Title
• Neutral Sentiment: Recent trading has been choppy, with one session showing a modest rise and another showing the stock underperforming the broader market, suggesting investors are balancing earnings optimism against legal headlines. Article Title

Insider Buying and Selling

In other news, CFO Alexander R. Bradley sold 498 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $107,383.74. Following the completion of the transaction, the chief financial officer directly owned 30,712 shares in the company, valued at approximately $6,622,428.56. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Georges Antoun sold 566 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total transaction of $122,046.58. Following the sale, the insider directly owned 19,918 shares of the company’s stock, valued at approximately $4,294,918.34. This trade represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,893 shares of company stock valued at $7,893,775 in the last ninety days. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On First Solar

Large investors have recently modified their holdings of the business. Aventura Private Wealth LLC acquired a new stake in First Solar in the fourth quarter valued at about $25,000. Reflection Asset Management acquired a new position in First Solar during the fourth quarter worth about $26,000. Commonwealth Retirement Investments LLC acquired a new position in First Solar during the fourth quarter worth about $26,000. Larson Financial Group LLC lifted its holdings in shares of First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of First Solar in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

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.