First Solar (NASDAQ:FSLR) Given New $320.00 Price Target at Wells Fargo & Company

First Solar (NASDAQ:FSLR) had its price objective hoisted by Wells Fargo & Company from $255.00 to $320.00 in a research note published on Monday, MarketBeat Ratings reports. They currently have an overweight rating on the solar cell manufacturer’s stock.

Other analysts have also issued reports about the company. Weiss Ratings upgraded First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Freedom Capital raised First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group raised their price target on shares of First Solar from $300.00 to $310.00 in a research note on Friday, May 1st. Mizuho lifted their price objective on shares of First Solar from $243.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group cut their price objective on shares of First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.06.

First Solar Stock Performance

Shares of FSLR opened at $232.86 on Monday. 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 has a twelve month low of $159.85 and a twelve month high of $320.95. The firm’s 50 day moving average price is $248.30 and its two-hundred day moving average price is $231.72. The firm has a market cap of $25.02 billion, a P/E ratio of 15.16, a PEG ratio of 0.50 and a beta of 1.73.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. The firm’s revenue was up 23.6% compared to the same quarter last year. On average, analysts forecast that First Solar will post 17.61 EPS for the current fiscal year.

Insider Buying and Selling at First Solar

In related news, insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the transaction, the insider directly owned 23,792 shares in the company, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kuntal Kumar Verma sold 582 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $250.00, for a total transaction of $145,500.00. Following the sale, the insider directly owned 4,967 shares in the company, valued at $1,241,750. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,466 shares of company stock valued at $8,014,105 in the last 90 days. Company insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On First Solar

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC lifted its position in shares of First Solar by 1.2% in the fourth quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock valued at $942,000 after buying an additional 44 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of First Solar by 18.2% during the 4th quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock worth $76,000 after acquiring an additional 45 shares during the last quarter. FIL Ltd raised its stake in First Solar by 6.9% in the 4th quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock valued at $185,000 after acquiring an additional 46 shares during the period. Fielder Capital Group LLC raised its stake in First Solar by 4.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock valued at $312,000 after acquiring an additional 47 shares during the period. Finally, Burford Brothers Inc. lifted its holdings in First Solar by 0.3% during the 4th quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer’s stock valued at $4,984,000 after purchasing an additional 48 shares during the last quarter. 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: Wells Fargo raised its price target on First Solar to $320 from $255 and reiterated an Overweight rating, pointing to potential upside from a pending tariff decision that could favor domestic solar manufacturers. Benzinga / The Fly report
• Positive Sentiment: Analyst enthusiasm has reinforced the stock’s recent strength, with several recent price targets above current trading levels and continued optimism around First Solar’s fundamentals and backlog visibility.
• Neutral Sentiment: One analyst roundup noted First Solar among several names receiving research attention, but did not add any new company-specific operating update.
• Negative Sentiment: First Solar is facing multiple shareholder class-action lawsuit notices alleging securities law violations for purchases made between February 26, 2025 and February 24, 2026, which may keep legal risk in focus for investors. PR Newswire lawsuit notice
• Negative Sentiment: Additional law-firm deadline alerts about the securities class action may create near-term headline pressure, even though they do not change the company’s operations.

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.