Evercore Cuts First Solar (NASDAQ:FSLR) Price Target to $212.00

First Solar (NASDAQ:FSLR) had its price target reduced by Evercore from $241.00 to $212.00 in a research report sent to investors on Thursday,MarketScreener reports.

Several other analysts also recently commented on FSLR. Daiwa Securities Group lifted their target price on shares of First Solar from $215.00 to $284.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Mizuho cut their price objective on shares of First Solar from $326.00 to $271.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft downgraded First Solar from a “buy” rating to a “hold” rating and decreased their target price for the company from $300.00 to $245.00 in a research report on Wednesday, February 25th. UBS Group dropped their price target on First Solar from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, Bank of America reduced their price target on First Solar from $291.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Twenty investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $249.65.

First Solar Stock Down 1.4%

FSLR opened at $189.21 on Thursday. The stock’s fifty day simple moving average is $234.09 and its 200 day simple moving average is $236.21. First Solar has a 1-year low of $116.56 and a 1-year high of $285.99. The stock has a market cap of $20.30 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.30 and a beta of 1.65. The company has a current ratio of 2.67, a quick ratio of 2.35 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling

In related news, CEO Mark R. Widmar sold 7,738 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $195.93, for a total value of $1,516,106.34. Following the completion of the sale, the chief executive officer directly owned 91,787 shares in the company, valued at approximately $17,983,826.91. The trade was a 7.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kuntal Kumar Verma sold 728 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $196.95, for a total value of $143,379.60. Following the sale, the insider directly owned 7,606 shares in the company, valued at $1,498,001.70. This represents a 8.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,975 shares of company stock valued at $6,267,492 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aventura Private Wealth LLC bought a new stake in First Solar during the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in First Solar in the 4th quarter valued at about $26,000. Reflection Asset Management acquired a new position in shares of First Solar in the 4th quarter valued at approximately $26,000. Strategic Wealth Investment Group LLC acquired a new position in shares of First Solar in the 2nd quarter valued at approximately $26,000. Finally, Larson Financial Group LLC lifted its holdings in shares of First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares during the period. Institutional investors 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: U.S. manufacturing expansion: First Solar commissioned a new factory in Louisiana and plans additional capacity in South Carolina, improving domestic supply‑chain positioning and medium/long‑term revenue visibility. First Solar Expands US Manufacturing Footprint
• Neutral Sentiment: Options and retail/trending activity are elevated, which can amplify intraday swings but do not change the company’s fundamentals. Behind the Scenes of First Solar’s Latest Options Trends
• Negative Sentiment: 2026 guidance disappointed analysts, triggering multiple downgrades and the primary near‑term selling pressure as investors reprice earnings/margins. 2026 Guidance Disappoints, Triggers Downgrades
• Negative Sentiment: Analyst price‑target cuts (examples: Evercore to $212, Morgan Stanley to $230, Barclays to $228, Argus to $250) reduce headline upside and analyst support. Analyst Price Target Moves
• Negative Sentiment: Insider selling disclosed on March 4 — CTO Markus Gloeckler sold ~3,640 shares (~$717k) and CAO Nathan Theurer sold 92 shares — which some investors view as a negative signal even if routine. CTO Insider Sale SEC Filing
• Negative Sentiment: Pomerantz LLP announced an investor investigation into First Solar, introducing legal/financial risk that could increase near‑term cautiousness. Pomerantz Investigates First Solar
• Negative Sentiment: High‑profile negative commentary (e.g., Jim Cramer calling the recent quarter “one awful quarter”) can amplify short‑term selling momentum among retail traders. Jim Cramer on First Solar

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.