First Solar (NASDAQ:FSLR) Given New $297.00 Price Target at Citigroup

First Solar (NASDAQ:FSLR) had its target price boosted by investment analysts at Citigroup from $294.00 to $297.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the solar cell manufacturer’s stock. Citigroup’s target price points to a potential upside of 26.91% from the company’s previous close.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded First Solar from a “hold” rating to a “buy” rating and upped their target price for the company from $245.00 to $272.00 in a report on Monday, July 6th. Truist Financial restated a “hold” rating and issued a $229.00 target price (down from $249.00) on shares of First Solar in a report on Friday. Weiss Ratings raised First Solar from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 25th. Mizuho set a $237.00 target price on First Solar in a research report on Friday. Finally, TD Cowen reissued a “buy” rating on shares of First Solar in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $254.82.

First Solar Price Performance

FSLR stock traded up $23.00 during midday trading on Monday, hitting $234.03. The stock had a trading volume of 4,031,350 shares, compared to its average volume of 2,372,497. The firm has a market cap of $25.15 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.47 and a beta of 1.76. First Solar has a 12-month low of $176.47 and a 12-month high of $320.95. The company’s 50-day moving average price is $245.08 and its 200 day moving average price is $225.14.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $3.18 EPS. The business’s revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that First Solar will post 17.53 EPS for the current year.

Insider Activity at First Solar

In other news, insider Georges Antoun sold 566 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $122,046.58. Following the transaction, the insider owned 19,918 shares of the company’s stock, valued at approximately $4,294,918.34. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mark R. Widmar sold 9,926 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $233.21, for a total value of $2,314,842.46. Following the transaction, the chief executive officer owned 95,148 shares of the company’s stock, valued at approximately $22,189,465.08. This represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,893 shares of company stock valued at $7,893,775 over the last quarter. 0.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Woodline Partners LP increased its position in shares of First Solar by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after purchasing an additional 2,615 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in First Solar by 50.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock worth $85,000 after buying an additional 174 shares during the period. Brown Advisory Inc. raised its stake in shares of First Solar by 84.3% in the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after purchasing an additional 2,072 shares during the period. Cerity Partners LLC acquired a new position in First Solar during the second quarter worth $494,000. Finally, AXA S.A. boosted its position in First Solar by 6.3% during the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock worth $3,122,000 after purchasing an additional 1,115 shares during the period. Institutional investors and hedge funds 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: Guggenheim raised its price target to $282 from $279 and maintained a “Buy” rating, implying meaningful upside from recent trading levels. The action likely supported the stock by reinforcing optimism about First Solar’s earnings outlook. Guggenheim price-target report
• Positive Sentiment: Call-option activity was unusually heavy, with traders purchasing 27,989 calls—about 37% above typical daily volume. This suggests increased speculative or hedging interest in a potential further advance, although options activity does not guarantee a bullish outcome.
• Neutral Sentiment: Truist Financial reiterated its “Hold” rating, indicating that at least one analyst remains cautious about the shares’ risk-reward balance. Truist Financial rating report
• Negative Sentiment: Multiple law firms publicized a pending securities class-action lawsuit against First Solar and certain officers. The complaints allege federal securities-law violations involving investors who bought shares between February 26, 2025 and February 24, 2026. The August 24, 2026 deadline for investors to seek lead-plaintiff status adds to the near-term legal and reputational overhang, though the allegations have not been proven. First Solar securities lawsuit notice
• Negative Sentiment: The lawsuit notices reference investor losses following analyst downgrades tied to tariff and production risks. These issues could continue to pressure valuation if they affect First Solar’s margins, deliveries, or future guidance.

First Solar Company Profile

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.