Bank of America Issues Pessimistic Forecast for First Solar (NASDAQ:FSLR) Stock Price

First Solar (NASDAQ:FSLR) had its target price dropped by Bank of America from $291.00 to $271.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the solar cell manufacturer’s stock. Bank of America‘s target price indicates a potential upside of 11.91% from the stock’s current price.

A number of other research firms have also issued reports on FSLR. TD Cowen raised their price target on First Solar from $260.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $300.00 price objective on shares of First Solar in a research report on Wednesday, January 7th. Needham & Company LLC started coverage on First Solar in a report on Wednesday, October 22nd. They issued a “buy” rating and a $286.00 target price on the stock. Evercore ISI upped their price target on First Solar from $240.90 to $241.00 in a research note on Friday, October 31st. Finally, Royal Bank Of Canada increased their price target on First Solar from $244.00 to $258.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.76.

First Solar Stock Performance

Shares of FSLR opened at $242.15 on Thursday. The company’s 50 day simple moving average is $257.26 and its 200-day simple moving average is $226.99. The firm has a market cap of $25.99 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60. First Solar has a 12-month low of $116.56 and a 12-month high of $285.99. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company earned $2.91 EPS. The firm’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, equities analysts predict that First Solar will post 13.05 EPS for the current year.

Insider Transactions at First Solar

In other First Solar news, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul H. Stebbins sold 7,000 shares of First Solar stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the sale, the director owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. The trade was a 31.41% 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 in the last ninety days. 0.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On First Solar

Several hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC grew its holdings in First Solar by 126.9% in the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after purchasing an additional 85 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of First Solar in the 4th quarter worth about $25,000. Strategic Wealth Investment Group LLC acquired a new stake in First Solar in the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. increased its holdings in First Solar by 69.4% during the 2nd 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 in the last quarter. Finally, Total Investment Management Inc. acquired a new position in First Solar during the second quarter worth about $36,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

More 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.