First Solar (NASDAQ:FSLR) Price Target Cut to $269.00 by Analysts at Guggenheim

First Solar (NASDAQ:FSLR) had its price objective reduced by Guggenheim from $312.00 to $269.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the solar cell manufacturer’s stock.

Other equities analysts have also issued reports about the company. Robert W. Baird reiterated a “neutral” rating and set a $205.00 price objective (down from $264.00) on shares of First Solar in a research report on Wednesday, February 25th. The Goldman Sachs Group cut their target price on First Solar from $316.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft cut shares of First Solar from a “buy” rating to a “hold” rating and reduced their price target for the company from $300.00 to $245.00 in a research report on Wednesday, February 25th. Jefferies Financial Group reissued a “hold” rating and set a $205.00 price target on shares of First Solar in a research note on Thursday, February 26th. Finally, BMO Capital Markets set a $263.00 price objective on shares of First Solar in a research note on Thursday, January 29th. Twenty investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.17.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $200.42 on Tuesday. The company’s fifty day moving average price is $224.42 and its 200-day moving average price is $236.51. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.35 and a beta of 1.65. First Solar has a one year low of $116.56 and a one year high of $285.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.67 and a quick ratio of 2.35.

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 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 in the prior year, the firm posted $3.65 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts anticipate that First Solar will post 13.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other First Solar news, General Counsel Jason E. Dymbort sold 9,022 shares of First Solar stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total value of $1,800,971.64. Following the transaction, the general counsel directly owned 9,850 shares of the company’s stock, valued at $1,966,257. The trade was a 47.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kuntal Kumar Verma sold 180 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $199.53, for a total value of $35,915.40. Following the completion of the sale, the insider owned 9,436 shares of the company’s stock, valued at $1,882,765.08. The trade was a 1.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,989 shares of company stock worth $14,921,902 in the last 90 days. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On First Solar

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new stake in First Solar in the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of First Solar during the fourth quarter valued at about $26,000. Reflection Asset Management purchased a new stake in shares of First Solar during the fourth quarter worth about $26,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of First Solar during the second quarter worth about $26,000. Finally, Larson Financial Group LLC grew its stake in shares of First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

First Solar News Roundup

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

• Positive Sentiment: Guggenheim kept a Buy rating while lowering its price target to $269 from $312, implying ~34% upside from the current price — a continued institutional vote of confidence despite the cut. Guggenheim price target update
• Positive Sentiment: Analyst/media coverage lists First Solar among undervalued renewable-energy stocks, reinforcing a value/mean‑reversion investment narrative (forward P/E cited as attractive). InsiderMonkey undervalued stocks article
• Neutral Sentiment: Several small insider sales were reported (e.g., Georges Antoun sold 245 shares at ~$200.80). These single, modest dispositions are routine for insiders and may not by themselves signal a change in company outlook. Antoun Form 4
• Negative Sentiment: Concentrated executive selling: the CFO sold 14,106 shares (~$2.82M; ~31.98% reduction), the General Counsel sold 9,022 shares (~$1.8M; ~48% reduction), and the CEO sold 1,937 shares (~$389k). Large, clustered sales by senior management can weigh on sentiment because they reduce insider ownership and may prompt questions about timing or outlook. Representative SEC filing: CFO sale. CFO Form 4
• Negative Sentiment: Pomerantz LLP issued an investor alert announcing an investigation into First Solar, which introduces legal/financial risk and can increase headline volatility and potential liability concerns. 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.