First Solar (NASDAQ:FSLR) Stock Price Expected to Rise, Guggenheim Analyst Says

First Solar (NASDAQ:FSLR) had its price objective increased by analysts at Guggenheim from $289.00 to $312.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the solar cell manufacturer’s stock. Guggenheim’s price objective would suggest a potential upside of 29.40% from the company’s previous close.

A number of other analysts have also issued reports on the company. Bank of America boosted their price objective on First Solar from $209.00 to $254.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Needham & Company LLC initiated coverage on First Solar in a research report on Wednesday, October 22nd. They set a “buy” rating and a $286.00 price target on the stock. Wolfe Research raised their price objective on shares of First Solar from $232.00 to $247.00 in a research report on Friday, October 31st. Mizuho boosted their price objective on shares of First Solar from $278.00 to $335.00 in a research note on Friday, October 31st. Finally, Cowen reaffirmed a “buy” rating on shares of First Solar in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.37.

First Solar Stock Performance

Shares of FSLR stock opened at $241.11 on Thursday. The firm’s 50 day moving average is $262.48 and its 200 day moving average is $220.91. The stock has a market capitalization of $25.87 billion, a P/E ratio of 18.52, a PEG ratio of 0.33 and a beta of 1.60. First Solar has a 12 month low of $116.56 and a 12 month high of $285.99. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last issued its earnings results 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). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. First Solar had a net margin of 27.73% and a return on equity of 16.61%. The company’s revenue was up 79.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, sell-side analysts anticipate that First Solar will post 13.05 earnings per share for the current year.

Insider Activity at First Solar

In other First Solar news, insider Georges Antoun sold 37,412 shares of First Solar stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the sale, the insider directly owned 15,424 shares in the company, valued at $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the completion of the transaction, the director directly owned 13,662 shares of the company’s stock, valued at approximately $3,703,904.82. This represents a 24.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,912 shares of company stock valued at $12,971,349 over the last three months. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Solar

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of First Solar by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock valued at $3,026,108,000 after purchasing an additional 464,130 shares during the last quarter. State Street Corp boosted its stake in First Solar by 2.1% in the second quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock worth $881,680,000 after buying an additional 111,927 shares in the last quarter. Geode Capital Management LLC grew its position in First Solar by 0.9% during the second quarter. Geode Capital Management LLC now owns 2,857,848 shares of the solar cell manufacturer’s stock valued at $471,927,000 after acquiring an additional 26,476 shares during the last quarter. Viking Global Investors LP grew its position in First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after acquiring an additional 854,919 shares during the last quarter. Finally, Amundi raised its stake in shares of First Solar by 38.6% during the third quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock worth $459,917,000 after acquiring an additional 564,032 shares in the last quarter. 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: Some investors remain constructive on the long?term thesis; a Seeking Alpha contributor said they are trimming their position but not exiting, signaling continued conviction from parts of the investor base. First Solar: Easy Money Is Gone, Trimming My Position, But Not Running Away
• Neutral Sentiment: Benzinga’s roundup shows there is active analyst coverage (14 analysts), reflecting continued market attention and a range of opinions that could keep volatility high. A Glimpse Into The Expert Outlook On First Solar Through 14 Analysts
• Neutral Sentiment: Market news outlets (Zacks, MSN) summarized today’s move and flagged that FSLR underperformed the broader market, which can feed short?term selling even when fundamentals remain mixed. Why First Solar (FSLR) Dipped More Than Broader Market Today
• Negative Sentiment: Jefferies downgraded FSLR to Hold (from Buy), arguing the market has priced in overly favorable policy (S232) and that execution/margin risks limit upside; the downgrade and commentary directly pressured the stock. First Solar Stock Sinks on Downgrade. Why Investors Should Temper Their Expectations.
• Negative Sentiment: Jefferies also trimmed forecasts and set a $260 price target while citing “richer than reality” S232 expectations — the combination of a lower growth outlook and the downgrade prompted analysts and quant funds to reprice the stock. Jefferies Slashes Forecast on First Solar Stock (FSLR) as Market Reality Hits Home
• Negative Sentiment: Coverage and commentary telling investors to “lower expectations” and trimming recommendations (TipRanks/Barron’s/Jefferies summaries) amplify selling pressure because they reduce conviction in near?term upside. First Solar: Limited Policy Upside, Execution and Margin Risks Justify Hold at Full Valuation
• Negative Sentiment: Operational news: The Motley Fool and other writeups cite “debookings” (order cancellations/deferrals) as a direct hit to near?term revenue visibility, which worsens sentiment around the company’s growth trajectory. Why First Solar Stock Dimmed by More than 10% Today
• Negative Sentiment: Some analysts and articles explicitly say the “easy money” or outsized upside from policy tailwinds is now priced in or gone, so multiple expansion is less likely without clearer execution and policy wins. First Solar’s Easy Value Trade Is Over (Rating Downgrade)

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.