TD Cowen Issues Pessimistic Forecast for First Solar (NASDAQ:FSLR) Stock Price

First Solar (NASDAQ:FSLR) had its price objective dropped by equities research analysts at TD Cowen from $320.00 to $253.00 in a report released on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the solar cell manufacturer’s stock. TD Cowen’s price objective points to a potential upside of 26.44% from the company’s previous close.

FSLR has been the topic of several other research reports. KeyCorp reissued an “overweight” rating on shares of First Solar in a report on Friday, October 31st. Barclays reiterated an “overweight” rating and issued a $279.00 target price on shares of First Solar in a research report on Monday, November 3rd. Wolfe Research raised their price objective on shares of First Solar from $232.00 to $247.00 in a report on Friday, October 31st. Rothschild & Co Redburn lifted their target price on shares of First Solar from $150.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Finally, Glj Research increased their price objective on First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a report on Tuesday, November 4th. Twenty-one investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.91.

First Solar Stock Down 4.8%

FSLR stock opened at $200.10 on Wednesday. The firm has a 50-day moving average price of $243.33 and a 200-day moving average price of $235.88. First Solar has a 12 month low of $116.56 and a 12 month high of $285.99. The company has a current ratio of 2.67, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $21.47 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.27 and a beta of 1.60.

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

Institutional Investors Weigh In On First Solar

Large investors have recently added to or reduced their stakes in the business. SFE Investment Counsel grew its holdings in shares of 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 purchasing an additional 5,852 shares in the last quarter. Joule Financial LLC bought a new stake in First Solar during the third quarter valued at approximately $950,000. Mirae Asset Global Investments Co. Ltd. grew its stake in First Solar by 22.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,155 shares of the solar cell manufacturer’s stock worth $17,015,000 after buying an additional 13,904 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of First Solar in the 2nd quarter worth $1,323,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of First Solar during the 3rd quarter valued at $1,193,000. 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: Company delivered record 2025 profit and beat revenue for the quarter, showing solid underlying demand and profitability that supports a longer-term growth story. First Solar Sees Record 2025 Profit
• Positive Sentiment: Many firms kept Buy/Overweight ratings despite cutting targets, signaling continued analyst confidence in First Solar’s long-term positioning (onshoring, Series 6 capacity ramps). Goldman Sachs Adjusts First Solar Price Target
• Neutral Sentiment: Industry context: First Solar is increasing capacity as solar demand grows, which could support future revenue if demand/contracting recovers (comparison coverage vs. peers such as Enphase). First Solar vs. Enphase Energy
• Neutral Sentiment: Analyst and market commentary is mixed — some see this pullback as a buying opportunity if policy/tariff risks abate, while others remain cautious; investor views differ on timing. Seeking Alpha: Buy This Weakness
• Negative Sentiment: Management issued 2026 net sales guidance materially below Street expectations (guidance ~ $4.9B–$5.2B), which is the primary driver of today’s selloff. What’s Going On With First Solar Stock Today?
• Negative Sentiment: Q4 EPS missed consensus (reported $4.84 vs. est. $5.22), reinforcing near-term concerns about profitability and demand visibility despite revenue beat. Q4 Earnings Miss
• Negative Sentiment: Multiple brokerages lowered price targets and a few cut ratings as tariff/policy uncertainty and near-term backlog declines weigh on visibility — amplifying selling pressure. JPMorgan Lowers Price Target
• Negative Sentiment: Investor legal/activism risk flagged: Pomerantz announced an investigation into First Solar investor claims, which can add short-term uncertainty and news-driven volatility. Pomerantz Investor Alert

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.