Wells Fargo & Company Cuts First Solar (NASDAQ:FSLR) Price Target to $255.00

First Solar (NASDAQ:FSLR) had its price objective decreased by Wells Fargo & Company from $285.00 to $255.00 in a research note issued to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the solar cell manufacturer’s stock.

Other research analysts have also issued reports about the company. Wall Street Zen raised First Solar from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Guggenheim boosted their target price on shares of First Solar from $289.00 to $312.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. DZ Bank cut shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. The Goldman Sachs Group reduced their price objective on shares of First Solar from $316.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, UBS Group decreased their target price on shares of First Solar from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.91.

First Solar Price Performance

Shares of FSLR opened at $197.20 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 2.67. The company has a 50 day moving average price of $241.94 and a 200-day moving average price of $236.34. First Solar has a fifty-two week low of $116.56 and a fifty-two week high of $285.99. The stock has a market capitalization of $21.16 billion, a PE ratio of 13.88, a PEG ratio of 0.27 and a beta of 1.60.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.38). The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. First Solar had a net margin of 29.28% and a return on equity of 17.32%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.65 earnings per share. Equities analysts predict that First Solar will post 13.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FSLR. SFE Investment Counsel raised its position in shares of First Solar by 9.1% during the 2nd quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock worth $11,556,000 after purchasing an additional 5,852 shares during the last quarter. Joule Financial LLC acquired a new position in shares of First Solar in the third quarter worth $950,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of First Solar by 22.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,155 shares of the solar cell manufacturer’s stock valued at $17,015,000 after acquiring an additional 13,904 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of First Solar during the second quarter valued at $1,323,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of First Solar during the third quarter valued at $1,193,000. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar News Roundup

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

• Positive Sentiment: U.S. tariffs on Indian solar manufacturers reduce potential low-cost competition for U.S. demand, which could benefit domestic suppliers like First Solar. India Tariff Article
• Positive Sentiment: Some analysts and commentators view the post-earnings pullback as a buying opportunity — a “buy the weakness” thesis highlighting long-term project backlog and subsidy support (45X tax credits) for near-term profitability. Seeking Alpha Buy Thesis
• Positive Sentiment: Coverage noting First Solar’s role in clean-energy gains on the Nasdaq could support positive sentiment among sector-focused investors. Kalkine Media
• Neutral Sentiment: Wells Fargo trimmed its price target (to $255) but kept an overweight stance — a mixed signal that reduces upside expectations while retaining conviction. Wells Fargo/PT Cut
• Neutral Sentiment: Goldman Sachs and JPMorgan also lowered price targets (Goldman to $300, JPM to $256) but maintained buy/overweight ratings, signaling confidence in medium-term fundamentals despite near-term revisions. Goldman/JPM PT Changes
• Neutral Sentiment: Market-wide weakness in the S&P 500 and tech dragged sentiment this week, amplifying pressure on cyclical/clean-energy names including FSLR. S&P 500 Weekly
• Neutral Sentiment: Short-interest data reported is effectively negligible/ambiguous (zero shares reported), so short squeezes are unlikely to be a driver at present.
• Negative Sentiment: Management issued weak sales/guidance for 2026 and disappointing Q1 guidance, which triggered a sharp share decline as investors reassess revenue and backlog trajectory. Weak Guidance
• Negative Sentiment: First Solar reported Q4 EPS below consensus despite revenue beat; margin reliance on tax credits (45X) and tapering backlog raise longer-term risk concerns. Earnings Risks
• Negative Sentiment: Wolfe Research downgraded FSLR from “strong-buy” to “hold,” and other outlets note gap-down trading and steep short-term losses — analyst skepticism is pressuring sentiment. Wolfe Research Downgrade
• Negative Sentiment: Pomerantz law firm opened an investor investigation, introducing potential legal/financial risk and adding to short-term uncertainty. Investor Investigation

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.