First Solar (NASDAQ:FSLR) Price Target Raised to $258.00

First Solar (NASDAQ:FSLR) had its target price upped by Royal Bank Of Canada from $244.00 to $258.00 in a report published on Tuesday, MarketBeat reports. They currently have an outperform rating on the solar cell manufacturer’s stock.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $300.00 target price on shares of First Solar in a research note on Wednesday, January 7th. Morgan Stanley set a $275.00 target price on shares of First Solar in a research report on Friday, October 31st. Wells Fargo & Company lifted their price target on shares of First Solar from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Wall Street Zen upgraded First Solar from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. increased their price target on First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $276.76.

First Solar Stock Down 1.7%

Shares of NASDAQ FSLR opened at $239.68 on Tuesday. First Solar has a 1 year low of $116.56 and a 1 year high of $285.99. The firm has a 50-day simple moving average of $257.48 and a two-hundred day simple moving average of $226.54. The company has a market cap of $25.72 billion, a P/E ratio of 18.41, a PEG ratio of 0.30 and a beta of 1.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 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 business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company posted $2.91 EPS. The company’s quarterly revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Research analysts anticipate that First Solar will post 13.05 earnings per share for the current year.

Insider Transactions at First Solar

In related news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction 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 transaction, the director directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Sweeney sold 4,500 shares of the stock in a transaction dated 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 approximately $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. Over the last three months, insiders have sold 48,912 shares of company stock valued at $12,971,349. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On First Solar

Hedge funds and other institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC increased its stake in First Solar by 1.2% during the 4th quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock valued at $942,000 after purchasing an additional 44 shares in the last quarter. Whitaker Myers Wealth Managers LTD. grew its holdings in shares of First Solar by 46.8% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 5,778 shares of the solar cell manufacturer’s stock valued at $1,509,000 after buying an additional 1,841 shares during the last quarter. True North Advisors LLC purchased a new stake in shares of First Solar during the fourth quarter valued at $230,000. V Square Quantitative Management LLC acquired a new position in shares of First Solar in the 4th quarter valued at $712,000. Finally, OFI Invest Asset Management raised its stake in First Solar by 39.6% in the 4th quarter. OFI Invest Asset Management now owns 16,671 shares of the solar cell manufacturer’s stock worth $4,355,000 after acquiring an additional 4,733 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting First Solar

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

• Positive Sentiment: U.S. Patent Office backing of TOPCon solar cell protections bolsters First Solar’s IP moat and valuation upside, supporting long-term competitive advantage. First Solar (FSLR) Valuation After Patent Office Backs TOPCon Solar Cell Protections
• Positive Sentiment: Susquehanna raised its price target to $292 and maintained a positive rating — a bullish analyst signal that implies meaningful upside from current levels. Susquehanna Adjusts Price Target on First Solar to $292
• Positive Sentiment: Royal Bank of Canada boosted its price target to $258, another analyst upgrade that supports investor confidence in earnings growth. Royal Bank Of Canada Boosts First Solar (NASDAQ:FSLR) Price Target to $258.00
• Positive Sentiment: High-profile endorsement — Josh Brown highlighted First Solar as one of his “best stocks,” which can attract retail/ETF flows and positive sentiment. Josh Brown’s “best stocks in the market:” First Solar
• Positive Sentiment: Macro demand story: coverage highlighting Saudi Arabia’s large-scale switch to solar underscores secular demand for utility-scale panels — a tailwind for First Solar’s backlog and long-term growth. Saudi Arabia’s Solar Bet Exposes the Energy Stock You Need to Own Right Now
• Neutral Sentiment: Elevated investor attention/search interest in FSLR — higher visibility can increase volatility but is not directional by itself. Investors Heavily Search First Solar, Inc. (FSLR)
• Negative Sentiment: Pomerantz LLP announced an investor investigation into First Solar — legal inquiries can pressure shares due to potential litigation risk and uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of First Solar, Inc.
• Negative Sentiment: Bank of America trimmed its price target from $291 to $271 (still a buy) — the cut reduces near-term upside implied by sell‑side consensus and may prompt profit-taking. Bank of America Lowers Price Target on First Solar
• Negative Sentiment: Intraday coverage noted the stock traded down despite broader market gains, reflecting the net effect of mixed analyst moves, legal headlines and rotation within energy/tech sectors. First Solar (FSLR) Stock Sinks As Market Gains: Here’s Why

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.