First Solar (NASDAQ:FSLR) Price Target Lowered to $243.00 at Citigroup

First Solar (NASDAQ:FSLR) had its price target reduced by Citigroup from $300.00 to $243.00 in a research report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the solar cell manufacturer’s stock.

A number of other research analysts have also weighed in on FSLR. Weiss Ratings reissued a “hold (c+)” rating on shares of First Solar in a research note on Friday, March 27th. Bank of America decreased their target price on shares of First Solar from $291.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Wells Fargo & Company decreased their target price on shares of First Solar from $285.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Raymond James Financial began coverage on shares of First Solar in a research note on Monday, January 12th. They issued a “market perform” rating on the stock. Finally, The Goldman Sachs Group decreased their target price on shares of First Solar from $316.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.49.

First Solar Trading Down 3.1%

FSLR stock opened at $186.61 on Tuesday. 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 has a 12-month low of $119.09 and a 12-month high of $285.99. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.43 and a beta of 1.61. The business’s 50-day moving average is $203.12 and its 200 day moving average is $233.50.

First Solar (NASDAQ:FSLR) last posted 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). First Solar had a return on equity of 17.32% and a net margin of 29.28%.The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm posted $3.65 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that First Solar will post 17.4 EPS for the current fiscal year.

Insider Activity

In other news, insider Caroline Stockdale sold 335 shares of First Solar stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $200.80, for a total transaction of $67,268.00. Following the sale, the insider owned 34,060 shares of the company’s stock, valued at approximately $6,839,248. The trade was a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Jason E. Dymbort sold 9,022 shares of First Solar stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $199.62, for a total transaction of $1,800,971.64. Following the sale, the general counsel directly owned 9,850 shares in the company, valued at approximately $1,966,257. The trade was a 47.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 76,562 shares of company stock worth $15,042,232. 0.39% of the stock is owned by company insiders.

Institutional Trading of First Solar

Institutional investors have recently made changes to their positions in the company. Joule Financial LLC acquired a new position in shares of First Solar during the third quarter worth $950,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of First Solar by 22.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,155 shares of the solar cell manufacturer’s stock worth $17,015,000 after purchasing an additional 13,904 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of First Solar during the third quarter worth $1,193,000. Greenup Street Wealth Management LLC acquired a new position in shares of First Solar during the third quarter worth $2,147,000. Finally, Candriam S.C.A. grew its stake in shares of First Solar by 70.2% during the third quarter. Candriam S.C.A. now owns 150,379 shares of the solar cell manufacturer’s stock worth $33,163,000 after purchasing an additional 62,048 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar News Summary

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

• Positive Sentiment: Citi cut its price target from $300 to $243 but kept a “buy” rating — the new PT still implies meaningful upside vs. the current price, which may limit further downside and encourage some buyers. Citigroup adjusts price target on First Solar to $243 from $300, maintains buy rating
• Positive Sentiment: Barclays lowered its PT to $213 from $228 but maintained an “overweight” rating, signaling continued conviction in medium‑term growth even after the haircut. Barclays adjusts First Solar PT to $213 from $228, maintains overweight rating
• Neutral Sentiment: BMO trimmed its PT to $237 (from $252) and kept a “market perform” rating — this is neither a strong buy signal nor a downgrade to sell, so it may produce mixed investor response. BMO Capital adjusts First Solar PT to $237 from $252, maintains market perform rating
• Negative Sentiment: The stock underperformed the market and recorded a larger decline than the broader indices today, reflecting investor reaction to the analyst PT cuts and short‑term profit taking. First Solar (FSLR) Suffers a Larger Drop Than the General Market: Key Insights

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.