Guggenheim Issues Positive Forecast for First Solar (NASDAQ:FSLR) Stock Price

First Solar (NASDAQ:FSLR) had its price target lifted by Guggenheim from $289.00 to $312.00 in a report published on Thursday morning, MarketBeat reports. Guggenheim currently has a buy rating on the solar cell manufacturer’s stock.

Other equities analysts have also issued reports about the company. Morgan Stanley set a $275.00 price objective on First Solar in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $300.00 price target on shares of First Solar in a report on Wednesday. Jefferies Financial Group lowered shares of First Solar from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $269.00 to $260.00 in a report on Wednesday. KeyCorp reaffirmed an “overweight” rating on shares of First Solar in a research report on Friday, October 31st. Finally, Glj Research upped their target price on shares of First Solar from $214.06 to $314.43 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.37.

First Solar Price Performance

FSLR opened at $246.26 on Thursday. The stock has a market cap of $26.43 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.30 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 quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $262.73 and a 200 day simple moving average of $221.09.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. The business’s 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. On average, research analysts expect that First Solar will post 13.05 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael T. Sweeney sold 4,500 shares of First Solar stock in a transaction dated 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 sale, the director owned 13,662 shares of the company’s stock, valued at approximately $3,703,904.82. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the sale, the insider owned 15,424 shares in the company, valued at $4,087,514.24. The trade was a 70.81% 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 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FSLR. SFE Investment Counsel increased its position in First Solar by 9.1% during the second quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock worth $11,556,000 after buying an additional 5,852 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of First Solar during the 2nd quarter worth approximately $1,323,000. State Street Corp boosted its stake in shares of First Solar by 2.1% during the 2nd quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock worth $881,680,000 after acquiring an additional 111,927 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of First Solar by 49.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,251 shares of the solar cell manufacturer’s stock worth $10,471,000 after acquiring an additional 20,884 shares during the last quarter. Finally, Greenup Street Wealth Management LLC bought a new stake in First Solar in the 3rd quarter valued at $2,147,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

More First Solar News

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

• Positive Sentiment: Guggenheim raised its price target on FSLR to $312 and kept a Buy rating, giving the stock meaningful upside from current levels and signaling confidence in First Solar’s medium‑term growth prospects. Guggenheim raises PT
• Neutral Sentiment: Analyst and sector comparison pieces are weighing FSLR vs. peers (eg. NXT) and summarizing a range of broker views — useful for valuation context but not a single directional catalyst. FSLR vs. NXT valuation
• Neutral Sentiment: Multiple analyst roundups and dinner‑table pieces (analyst consensus, 14‑analyst outlooks) are keeping FSLR in focus; these summaries increase attention and volume but are mixed in directional bias. Analyst outlook summary
• Negative Sentiment: Jefferies downgraded FSLR to Hold (from Buy), citing “limited policy upside, execution and margin risks” and reduced visibility into forward bookings; that downgrade was the main trigger for an earlier large sell‑off. Jefferies Hold report
• Negative Sentiment: Analysts (and outlets) report Jefferies and others cut earnings/forward expectations and flagged de‑bookings and weaker booking visibility as the reason FSLR’s “easy money” trade is over, contributing to heavy volume selling. Forbes on downgrade and de‑bookings
• Negative Sentiment: Market commentary and trade pieces caution against buying the dip until booking clarity and execution/margin risk are resolved, keeping near‑term sentiment vulnerable. Buy‑the‑dip caution

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.