First Solar (NASDAQ:FSLR) Price Target Raised to $313.00 at Wells Fargo & Company

First Solar (NASDAQ:FSLR) had its price objective increased by Wells Fargo & Company from $300.00 to $313.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the solar cell manufacturer’s stock.

FSLR has been the topic of a number of other reports. HSBC increased 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. UBS Group boosted their price objective on shares of First Solar from $290.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Oppenheimer reaffirmed a “market perform” rating on shares of First Solar in a research note on Friday, July 31st. Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Citigroup lifted their price target on shares of First Solar from $294.00 to $297.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.89.

First Solar Trading Up 2.4%

NASDAQ FSLR opened at $250.05 on Friday. First Solar has a 12 month low of $176.47 and a 12 month high of $320.95. The stock has a 50-day simple moving average of $241.00 and a 200 day simple moving average of $225.26. The company has a market capitalization of $26.87 billion, a PE ratio of 15.42, a P/E/G ratio of 0.53 and a beta of 1.75.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.18 earnings per share. As a group, sell-side analysts predict that First Solar will post 17.75 earnings per share for the current fiscal year.

Insider Activity at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 582 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $250.00, for a total value of $145,500.00. Following the sale, the insider owned 4,967 shares in the company, valued at approximately $1,241,750. The trade was a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 9,926 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $233.21, for a total value of $2,314,842.46. Following the transaction, the chief executive officer directly owned 95,148 shares of the company’s stock, valued at approximately $22,189,465.08. This trade represents a 9.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,505 shares of company stock valued at $9,398,886 over the last ninety days. Company insiders own 0.39% of the company’s stock.

Institutional Trading of First Solar

Institutional investors have recently made changes to their positions in the business. M. Kulyk & Associates LLC acquired a new position in First Solar during the second quarter worth $3,016,000. Energy Income Partners LLC acquired a new stake in First Solar in the 2nd quarter valued at $2,461,000. K2 Principal Fund L.P. bought a new stake in First Solar during the 2nd quarter worth about $5,545,000. Meeder Advisory Services Inc. bought a new stake in First Solar during the 2nd quarter worth about $320,000. Finally, Meeder Asset Management Inc. bought a new stake in First Solar during the 2nd quarter worth about $160,000. Institutional investors own 92.08% of the company’s stock.

Key Stories Impacting First Solar

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

• Positive Sentiment: The Trump administration imposed a 15% tariff and minimum import-price requirements on polysilicon and downstream products under Section 232. The policy, scheduled to take effect December 4, could reduce low-cost Chinese competition and support pricing for U.S. solar manufacturers. Solar stocks shine after Trump extends China tariffs to polysilicon products
• Positive Sentiment: First Solar publicly supported the action, saying it could help loosen China’s control of a critical solar-material supply chain. Chinese producers reportedly account for more than 90% of global polysilicon supply. First Solar applauds Section 232 action
• Positive Sentiment: Wells Fargo raised its price target from $300 to $313 and maintained an overweight rating, saying the trade action could benefit First Solar more than previously expected. HSBC also upgraded the stock from hold to buy, reinforcing improving analyst sentiment. First Solar clears aggressive buy point
• Neutral Sentiment: The company’s earlier quarterly earnings beat remains a supportive backdrop: First Solar reported $3.92 in earnings per share versus the $2.90 consensus estimate, although revenue declined 3.4% year over year. Its contracted backlog and domestic capacity expansion provide longer-term visibility, but investors remain focused on earnings durability.
• Negative Sentiment: Several law firms are promoting a securities class action against First Solar and certain executives concerning alleged disclosures about production underutilization, South Carolina onshoring costs and related risks. The allegations remain unproven, but the August 24 lead-plaintiff deadline adds legal and reputational uncertainty. Pomerantz class action announcement

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.