First Solar (NASDAQ:FSLR) Price Target Cut to $271.00 by Analysts at Bank of America

First Solar (NASDAQ:FSLR) had its price objective reduced by Bank of America from $291.00 to $271.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the solar cell manufacturer’s stock.

A number of other equities analysts have also issued reports on FSLR. Evercore ISI boosted their target price on shares of First Solar from $240.90 to $241.00 in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their price target on shares of First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Guggenheim boosted their price objective 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Solar in a research report on Monday, December 29th. Finally, Royal Bank Of Canada increased their target price on shares of First Solar from $244.00 to $258.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.76.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $239.68 on Thursday. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.30 and a beta of 1.60. The business has a 50 day moving average price of $257.48 and a 200 day moving average price of $226.54. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. First Solar has a twelve month low of $116.56 and a twelve month high of $285.99.

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

Insider Activity

In other news, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total value of $1,836,800.00. Following the completion of the transaction, the director directly owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This represents a 31.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 15,424 shares of the company’s stock, valued at $4,087,514.24. This trade represents a 70.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 48,912 shares of company stock worth $12,971,349. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On First Solar

Several institutional investors and hedge funds have recently made changes to their positions 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 worth $3,026,108,000 after purchasing an additional 464,130 shares in the last quarter. State Street Corp grew its stake in First Solar by 2.1% during 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 during the last quarter. Geode Capital Management LLC grew its stake 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 worth $471,927,000 after buying an additional 26,476 shares during the last quarter. Viking Global Investors LP increased its holdings in shares of 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 worth $375,122,000 after buying an additional 854,919 shares in the last quarter. Finally, Amundi raised its stake in shares of First Solar by 38.6% in the third quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock valued at $459,917,000 after acquiring an additional 564,032 shares during the last quarter. Institutional investors and hedge funds 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: U.S. Patent Office backing of TOPCon solar cell protections bolsters First Solar’s IP moat and valuation upside, supporting long-term competitive advantage. First Solar (FSLR) Valuation After Patent Office Backs TOPCon Solar Cell Protections
• Positive Sentiment: Susquehanna raised its price target to $292 and maintained a positive rating — a bullish analyst signal that implies meaningful upside from current levels. Susquehanna Adjusts Price Target on First Solar to $292
• Positive Sentiment: Royal Bank of Canada boosted its price target to $258, another analyst upgrade that supports investor confidence in earnings growth. Royal Bank Of Canada Boosts First Solar (NASDAQ:FSLR) Price Target to $258.00
• Positive Sentiment: High-profile endorsement — Josh Brown highlighted First Solar as one of his “best stocks,” which can attract retail/ETF flows and positive sentiment. Josh Brown’s “best stocks in the market:” First Solar
• Positive Sentiment: Macro demand story: coverage highlighting Saudi Arabia’s large-scale switch to solar underscores secular demand for utility-scale panels — a tailwind for First Solar’s backlog and long-term growth. Saudi Arabia’s Solar Bet Exposes the Energy Stock You Need to Own Right Now
• Neutral Sentiment: Elevated investor attention/search interest in FSLR — higher visibility can increase volatility but is not directional by itself. Investors Heavily Search First Solar, Inc. (FSLR)
• Negative Sentiment: Pomerantz LLP announced an investor investigation into First Solar — legal inquiries can pressure shares due to potential litigation risk and uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of First Solar, Inc.
• Negative Sentiment: Bank of America trimmed its price target from $291 to $271 (still a buy) — the cut reduces near-term upside implied by sell‑side consensus and may prompt profit-taking. Bank of America Lowers Price Target on First Solar
• Negative Sentiment: Intraday coverage noted the stock traded down despite broader market gains, reflecting the net effect of mixed analyst moves, legal headlines and rotation within energy/tech sectors. First Solar (FSLR) Stock Sinks As Market Gains: Here’s Why

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.