First Solar (NASDAQ:FSLR) Price Target Raised to $292.00

First Solar (NASDAQ:FSLR) had its price target lifted by Susquehanna from $285.00 to $292.00 in a report issued on Wednesday,MarketScreener reports. They currently have a positive rating on the solar cell manufacturer’s stock.

Several other research analysts have also weighed in on the company. Citigroup upped their price target on First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Wolfe Research upped their target price on First Solar from $232.00 to $247.00 in a report on Friday, October 31st. Bank of America decreased their price target on shares of First Solar from $291.00 to $271.00 and set a “buy” rating for the company in a report on Thursday. Roth Mkm set a $300.00 price objective on shares of First Solar in a research note on Friday, October 31st. Finally, Robert W. Baird increased their target price on shares of First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $276.76.

First Solar Trading Up 1.0%

Shares of NASDAQ:FSLR opened at $242.15 on Wednesday. The company has a 50 day moving average of $257.26 and a 200-day moving average of $226.99. 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 firm has a market cap of $25.99 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.29 and a beta of 1.60. First Solar has a twelve month low of $116.56 and a twelve month high of $285.99.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.08). The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. First Solar had a return on equity of 16.61% and a net margin of 27.73%.The business’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. As a group, analysts anticipate that First Solar will post 13.05 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the completion of the sale, the director owned 15,287 shares in the company, valued at $4,011,308.80. This represents a 31.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Georges Antoun sold 37,412 shares of First Solar stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the transaction, the insider directly owned 15,424 shares in the company, valued at approximately $4,087,514.24. This represents a 70.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,912 shares of company stock valued at $12,971,349 over the last 90 days. 0.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On First Solar

Several large investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC grew its position in First Solar by 126.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock worth $25,000 after purchasing an additional 85 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of First Solar in the fourth quarter valued at about $25,000. Strategic Wealth Investment Group LLC acquired a new stake in First Solar during the second quarter worth about $26,000. Hantz Financial Services Inc. increased its stake in First Solar by 69.4% during the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after acquiring an additional 75 shares during the period. Finally, Total Investment Management Inc. acquired a new position in First Solar in the 2nd quarter valued at approximately $36,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Key First Solar News

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

• Positive Sentiment: Susquehanna raised its price target to $292 and kept a “positive” rating — a bullish signal implying meaningful upside from current levels. Susquehanna raises PT to $292
• Positive Sentiment: Royal Bank of Canada boosted its price target to $258, another analyst lift that supports investor confidence. RBC boosts PT to $258
• Positive Sentiment: U.S. Patent Office backing TOPCon-related protections for First Solar strengthens the company’s IP position and could improve long‑term valuation vs. competitors. Patent office backs TOPCon protections
• Positive Sentiment: Prominent market commentators (e.g., Josh Brown) are highlighting First Solar as a top pick, which can attract flows from discretionary investors. Josh Brown spotlights First Solar
• Positive Sentiment: Positive industry narratives (coverage on Saudi Arabia’s big solar push) are increasing interest in leading solar names, benefiting First Solar as a market share/technology leader. Saudi Arabia solar coverage
• Neutral Sentiment: Brokerages still show overall favorable positioning — consensus rated “Moderate Buy” — which is supportive but not unequivocally bullish. Consensus “Moderate Buy”
• Neutral Sentiment: First Solar is seeing heavy investor search/attention, which can amplify moves in either direction depending on follow‑through news. Investors heavily search FSLR
• Neutral Sentiment: Bank of America trimmed its price target to $271 but maintained a “buy” — a modest downgrade in upside expectations rather than a sell signal. BofA lowers PT to $271, keeps buy
• Negative Sentiment: Short‑term underperformance vs. peers and a recent session where the stock declined have raised near‑term caution among momentum traders. Underperforms competitors
• Negative Sentiment: Multiple legal actions and investor investigations (Pomerantz alert, potential class action filings) increase regulatory and litigation risk, a clear negative for sentiment and potential future costs. Pomerantz investor alert Class action report
• Negative Sentiment: Recent sell ratings and a new published “sell” note add downward pressure and can trigger stops or short interest. New sell rating reported

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.