First Solar (NASDAQ:FSLR) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered First Solar’s price target from $252 to $233 while maintaining an “overweight” rating, implying 33.6% upside from the prior close.
• Analyst sentiment remains favorable overall: First Solar has a “Moderate Buy” consensus rating and an average price target of $255.68, despite differing targets from other firms.
• First Solar’s latest quarterly results exceeded expectations on earnings, reporting $5.30 EPS versus the $4.67 consensus, although revenue fell 22.8% year over year to $1.23 billion.

First Solar (NASDAQ:FSLR - Get Free Report) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $252.00 to $233.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the solar cell manufacturer's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 33.60% from the company's previous close.

A number of other equities analysts have also issued reports on FSLR. Mizuho set a $324.00 target price on First Solar in a research note on Thursday, August 13th. Truist Financial upgraded First Solar from a "hold" rating to a "buy" rating and increased their target price for the company from $229.00 to $270.00 in a research report on Monday, October 12th. TD Cowen upgraded shares of First Solar to a "strong-buy" rating in a research report on Monday, October 5th. Citigroup reaffirmed a "buy" rating on shares of First Solar in a research report on Friday. Finally, Morgan Stanley decreased their target price on First Solar from $326.00 to $307.00 and set an "overweight" rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $255.68.

First Solar Price Performance

Shares of FSLR traded down $2.49 during trading hours on Friday, hitting $174.40. The stock had a trading volume of 3,485,549 shares, compared to its average volume of 2,353,988. First Solar has a 12 month low of $165.86 and a 12 month high of $320.95. The firm has a market capitalization of $18.74 billion, a PE ratio of 10.75, a PEG ratio of 0.48 and a beta of 1.80. The stock has a fifty day moving average price of $189.51 and a 200 day moving average price of $216.51.

First Solar (NASDAQ:FSLR - Get Free Report) last released its earnings results on Thursday, October 29th. The solar cell manufacturer reported $5.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.63. First Solar had a return on equity of 18.02% and a net margin of 32.47%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the business posted $4.24 earnings per share. The firm's revenue was down 22.8% on a year-over-year basis. As a group, analysts anticipate that First Solar will post 17.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Koralewski sold 7,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the completion of the transaction, the insider owned 7,642 shares in the company, valued at $1,692,779.42. This trade represents a 47.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason Dymbort sold 3,700 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total transaction of $922,706.00. Following the completion of the transaction, the general counsel directly owned 5,624 shares of the company's stock, valued at approximately $1,402,513.12. This trade represents a 39.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 16,681 shares of company stock valued at $3,756,286. 0.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Solar

A number of large investors have recently made changes to their positions in FSLR. BlackRock Inc. bought a new stake in shares of First Solar in the 2nd quarter valued at about $3,310,298,000. ABS Investment Management LLC purchased a new stake in shares of First Solar in the 2nd quarter worth approximately $1,297,780,000. Hill City Capital LP bought a new position in shares of First Solar during the second quarter valued at approximately $620,133,555. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of First Solar by 7.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,535,836 shares of the solar cell manufacturer's stock valued at $362,396,000 after purchasing an additional 100,694 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of First Solar by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,305,471 shares of the solar cell manufacturer's stock valued at $257,441,000 after purchasing an additional 56,300 shares in the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar News Roundup

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

• Positive Sentiment: First Solar reported third-quarter adjusted earnings of $5.30 per share, beating estimates by roughly 14%, while net income increased 25% year over year. Strong margins and a reported $13.5 billion backlog provide support for longer-term earnings visibility. First Solar Announces Third Quarter 2026 Financial Results
• Positive Sentiment: The company authorized a $500 million share-repurchase program, which could support per-share results and signal management’s confidence in long-term cash generation. First Solar Posts Strong Q3 Results and Launches Buyback Plan
• Positive Sentiment: First Solar signed a U.S. patent licensing agreement with CubicPV covering perovskite technology, potentially advancing its next-generation solar-product development. The company also inaugurated the first phase of its South Carolina facility, expanding domestic manufacturing capacity. First Solar and CubicPV Enter U.S. Patent Licensing Agreement

First Solar Company Profile

First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.

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