Robert W. Baird Reiterates Neutral Rating for First Solar (NASDAQ:FSLR)

First Solar (NASDAQ:FSLR)‘s stock had its “neutral” rating restated by stock analysts at Robert W. Baird in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a $205.00 price objective on the solar cell manufacturer’s stock, down from their prior price objective of $264.00. Robert W. Baird’s price objective points to a potential upside of 2.45% from the stock’s previous close.

A number of other equities analysts have also recently commented on FSLR. Glj Research lifted their price objective on shares of First Solar from $214.06 to $314.43 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. KeyCorp reaffirmed an “overweight” rating on shares of First Solar in a report on Friday, October 31st. Morgan Stanley set a $275.00 price target on First Solar in a research report on Friday, October 31st. Needham & Company LLC boosted their price objective on First Solar from $286.00 to $303.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Rothschild & Co Redburn upped their price objective on First Solar from $150.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and an average target price of $257.91.

First Solar Stock Performance

NASDAQ:FSLR opened at $200.10 on Wednesday. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.27 and a beta of 1.60. First Solar has a 1 year low of $116.56 and a 1 year high of $285.99. The stock’s 50 day simple moving average is $243.33 and its two-hundred day simple moving average is $235.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.67 and a quick ratio of 1.55.

First Solar (NASDAQ:FSLR) last posted its earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.38). First Solar had a net margin of 29.28% and a return on equity of 17.32%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $3.65 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that First Solar will post 13.05 earnings per share for the current fiscal year.

Institutional Trading of First Solar

Several institutional investors and hedge funds have recently made changes to their positions in FSLR. SFE Investment Counsel lifted its stake in First Solar by 9.1% in the second quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock worth $11,556,000 after acquiring an additional 5,852 shares during the period. Joule Financial LLC bought a new position in First Solar in the third quarter worth approximately $950,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in First Solar by 22.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,155 shares of the solar cell manufacturer’s stock worth $17,015,000 after buying an additional 13,904 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in First Solar during the second quarter worth $1,323,000. Finally, Belpointe Asset Management LLC bought a new stake in First Solar during the 3rd quarter valued at $1,193,000. 92.08% of the stock is currently owned by institutional investors.

More First Solar News

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

• Positive Sentiment: Company delivered record 2025 profit and beat revenue for the quarter, showing solid underlying demand and profitability that supports a longer-term growth story. First Solar Sees Record 2025 Profit
• Positive Sentiment: Many firms kept Buy/Overweight ratings despite cutting targets, signaling continued analyst confidence in First Solar’s long-term positioning (onshoring, Series 6 capacity ramps). Goldman Sachs Adjusts First Solar Price Target
• Neutral Sentiment: Industry context: First Solar is increasing capacity as solar demand grows, which could support future revenue if demand/contracting recovers (comparison coverage vs. peers such as Enphase). First Solar vs. Enphase Energy
• Neutral Sentiment: Analyst and market commentary is mixed — some see this pullback as a buying opportunity if policy/tariff risks abate, while others remain cautious; investor views differ on timing. Seeking Alpha: Buy This Weakness
• Negative Sentiment: Management issued 2026 net sales guidance materially below Street expectations (guidance ~ $4.9B–$5.2B), which is the primary driver of today’s selloff. What’s Going On With First Solar Stock Today?
• Negative Sentiment: Q4 EPS missed consensus (reported $4.84 vs. est. $5.22), reinforcing near-term concerns about profitability and demand visibility despite revenue beat. Q4 Earnings Miss
• Negative Sentiment: Multiple brokerages lowered price targets and a few cut ratings as tariff/policy uncertainty and near-term backlog declines weigh on visibility — amplifying selling pressure. JPMorgan Lowers Price Target
• Negative Sentiment: Investor legal/activism risk flagged: Pomerantz announced an investigation into First Solar investor claims, which can add short-term uncertainty and news-driven volatility. Pomerantz Investor Alert

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.