Evercore Issues Pessimistic Forecast for First Solar (NASDAQ:FSLR) Stock Price

First Solar (NASDAQ:FSLR) had its price target lowered by investment analysts at Evercore from $241.00 to $212.00 in a research report issued on Thursday,MarketScreener reports. Evercore’s target price suggests a potential upside of 12.04% from the company’s previous close.

Several other research firms have also issued reports on FSLR. Glj Research lowered shares of First Solar from a “buy” rating to a “hold” rating and lowered their target price for the stock from $314.43 to $207.82 in a research note on Wednesday. Daiwa Securities Group upped their price target on First Solar from $215.00 to $284.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft downgraded First Solar from a “buy” rating to a “hold” rating and lowered their price target for the stock from $300.00 to $245.00 in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of First Solar in a report on Monday, December 29th. Finally, UBS Group cut their price objective on First Solar from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $249.65.

First Solar Trading Down 1.4%

First Solar stock opened at $189.21 on Thursday. The firm has a market cap of $20.30 billion, a PE ratio of 13.32, a P/E/G ratio of 0.31 and a beta of 1.65. First Solar has a 12 month low of $116.56 and a 12 month high of $285.99. The stock’s 50 day simple moving average is $234.09 and its two-hundred day simple moving average is $236.03. The company has a current ratio of 2.67, a quick ratio of 2.35 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last posted its earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.59 billion. During the same period last year, the firm earned $3.65 earnings per share. First Solar’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that First Solar will post 13.05 earnings per share for the current year.

Insider Activity at First Solar

In other news, insider Kuntal Kumar Verma sold 3,426 shares of First Solar stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $195.93, for a total transaction of $671,256.18. Following the transaction, the insider owned 8,334 shares in the company, valued at $1,632,880.62. The trade was a 29.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Jason E. Dymbort sold 3,273 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $195.93, for a total transaction of $641,278.89. Following the transaction, the general counsel directly owned 16,625 shares in the company, valued at approximately $3,257,336.25. The trade was a 16.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,975 shares of company stock valued at $6,267,492 in the last three months. Company insiders own 0.48% of the company’s stock.

Institutional Trading of First Solar

A number of hedge funds and other institutional investors have recently made changes to their positions in FSLR. Woodline Partners LP grew its position in First Solar by 40.7% in the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after acquiring an additional 2,615 shares during the period. Envestnet Asset Management Inc. raised its position in First Solar by 10.4% in the second quarter. Envestnet Asset Management Inc. now owns 34,473 shares of the solar cell manufacturer’s stock valued at $5,707,000 after purchasing an additional 3,238 shares during the period. Hantz Financial Services Inc. raised its position in First Solar by 69.4% in the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after purchasing an additional 75 shares during the period. Spire Wealth Management lifted its stake in shares of First Solar by 130.9% in the 2nd quarter. Spire Wealth Management now owns 344 shares of the solar cell manufacturer’s stock valued at $57,000 after purchasing an additional 195 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of First Solar by 400.0% during the 2nd quarter. Assetmark Inc. now owns 390 shares of the solar cell manufacturer’s stock worth $65,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

Trending Headlines about First Solar

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

• Positive Sentiment: U.S. manufacturing expansion: First Solar commissioned a new factory in Louisiana and plans additional capacity in South Carolina, improving domestic supply‑chain positioning and medium/long‑term revenue visibility. First Solar Expands US Manufacturing Footprint
• Neutral Sentiment: Options and retail/trending activity are elevated, which can amplify intraday swings but do not change the company’s fundamentals. Behind the Scenes of First Solar’s Latest Options Trends
• Negative Sentiment: 2026 guidance disappointed analysts, triggering multiple downgrades and the primary near‑term selling pressure as investors reprice earnings/margins. 2026 Guidance Disappoints, Triggers Downgrades
• Negative Sentiment: Analyst price‑target cuts (examples: Evercore to $212, Morgan Stanley to $230, Barclays to $228, Argus to $250) reduce headline upside and analyst support. Analyst Price Target Moves
• Negative Sentiment: Insider selling disclosed on March 4 — CTO Markus Gloeckler sold ~3,640 shares (~$717k) and CAO Nathan Theurer sold 92 shares — which some investors view as a negative signal even if routine. CTO Insider Sale SEC Filing
• Negative Sentiment: Pomerantz LLP announced an investor investigation into First Solar, introducing legal/financial risk that could increase near‑term cautiousness. Pomerantz Investigates First Solar
• Negative Sentiment: High‑profile negative commentary (e.g., Jim Cramer calling the recent quarter “one awful quarter”) can amplify short‑term selling momentum among retail traders. Jim Cramer on First Solar

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.