Bank of America Cuts First Solar (NASDAQ:FSLR) Price Target to $271.00

First Solar (NASDAQ:FSLR) had its price objective trimmed by Bank of America from $291.00 to $271.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the solar cell manufacturer’s stock.

Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of First Solar from $244.00 to $258.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $316.00 target price on shares of First Solar in a research report on Friday, October 31st. Raymond James Financial initiated coverage on First Solar in a research note on Monday, January 12th. They issued a “market perform” rating on the stock. Daiwa Capital Markets raised their price target on First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Finally, Mizuho upped their price objective on First Solar from $278.00 to $335.00 in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $276.76.

First Solar Stock Up 1.0%

FSLR opened at $242.15 on Thursday. The company has a fifty day moving average price of $257.26 and a 200-day moving average price of $227.42. The firm has a market capitalization of $25.99 billion, a P/E ratio of 18.60, a price-to-earnings-growth 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 has a one year low of $116.56 and a one year high of $285.99.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business posted $2.91 EPS. The company’s quarterly revenue was up 79.7% on a year-over-year basis. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Equities research analysts expect that First Solar will post 13.05 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Sweeney sold 4,500 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 48,912 shares of company stock valued at $12,971,349. Insiders own 0.48% of the company’s stock.

Institutional Trading of First Solar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aventura Private Wealth LLC bought a new position in First Solar in the 4th quarter worth $25,000. TD Private Client Wealth LLC raised its stake 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 worth $25,000 after buying an additional 85 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new position in First Solar in the second quarter worth about $26,000. Hantz Financial Services Inc. lifted its holdings 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 worth $30,000 after buying an additional 75 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in First Solar during the 3rd quarter valued at approximately $44,000. Hedge funds and other 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: 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.