First Solar (NASDAQ:FSLR) Sets New 12-Month High After Analyst Upgrade

First Solar, Inc. (NASDAQ:FSLR)’s stock price reached a new 52-week high during trading on Monday after Wells Fargo & Company raised their price target on the stock from $270.00 to $285.00. Wells Fargo & Company currently has an overweight rating on the stock. First Solar traded as high as $283.58 and last traded at $281.7660, with a volume of 1341833 shares trading hands. The stock had previously closed at $266.98.

Several other brokerages also recently weighed in on FSLR. Royal Bank Of Canada boosted their target price on First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Susquehanna raised their price target on First Solar from $273.00 to $285.00 in a report on Friday, October 31st. Jefferies Financial Group set a $269.00 price target on First Solar and gave the stock a “buy” rating in a research note on Friday, October 31st. Citigroup upped their price objective on shares of First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of First Solar from $278.00 to $303.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $271.27.

Insiders Place Their Bets

In related news, Director Paul H. Stebbins sold 7,000 shares of First Solar stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $262.40, for a total value of $1,836,800.00. Following the completion of the transaction, the director owned 15,287 shares in the company, valued at $4,011,308.80. The trade was a 31.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This trade represents a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 48,912 shares of company stock worth $12,971,349. Corporate insiders own 0.48% of the company’s stock.

Key First Solar News

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

• Positive Sentiment: Shares jumped after news that Alphabet is acquiring Intersect Power — a customer of First Solar — which investors view as confirmation of strong demand for large‑scale solar and potential for repeat orders from platform buyers. Why Is First Solar Stock Rising Today?
• Positive Sentiment: Wall Street analyst commentary remains broadly constructive — several broker notes and aggregate analyst sentiment cited by Zacks point to buy/overweight views that support investor confidence and can amplify inflows after positive industry news. Is First Solar (FSLR) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Fundamentals remain supportive: coverage highlights attractive financial prospects — strong revenue growth, healthy margins and aggressive FY‑2025 EPS guidance — which underpin medium‑term investor interest despite short‑term volatility. Is First Solar, Inc.’s (NASDAQ:FSLR) Stock’s Recent Performance Being Led By Its Attractive Financial Prospects?
• Neutral Sentiment: Market summaries (regional and wire coverage) are amplifying the move by reporting intraday swings and volume; these pieces summarize market reaction but don’t add new fundamental catalysts. First Solar (FSLR) share price
• Negative Sentiment: After the runup, some outlets note the stock is trading lower amid profit‑taking and valuation caution — short‑term pullback driven by traders locking gains and questions about near‑term multiples despite long‑run demand drivers. Why First Solar (FSLR) stock is trading lower today

Institutional Trading of First Solar

Large investors have recently made changes to their positions in the company. TD Private Client Wealth LLC grew its stake in First Solar by 126.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after acquiring an additional 85 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in First Solar in the second quarter valued at approximately $26,000. Harbor Investment Advisory LLC raised its holdings in shares of First Solar by 138.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares during the period. Hantz Financial Services Inc. lifted its position in shares of First Solar by 69.4% during the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 75 shares in the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new position in First Solar in the 1st quarter valued at approximately $25,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

First Solar Trading Down 5.3%

The company’s 50 day simple moving average is $255.82 and its 200 day simple moving average is $213.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 0.56 and a beta of 1.59.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 27.73% and a return on equity of 16.61%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business posted $2.91 earnings per share. The company’s revenue for the quarter was up 79.7% on a year-over-year basis. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. As a group, research analysts expect that First Solar, Inc. will post 13.05 earnings per share 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.