First Solar, Inc. (FSLR) Stock Price, News, Analysis

Technical Score (1D)

SELL

News Sentiment

BULLISH

Piper Sandler’s overnight coverage lift is the most immediate catalyst for First Solar, assigning an Overweight rating and a $260 price target that signals confidence in the company’s cost advantage and supply‑chain moat. The brokerage’s forecast of a 60 % gross margin by fiscal 2028, above consensus, suggests that First Solar’s vertically integrated, fully domestic manufacturing will continue to deliver margin resilience even as the solar market remains competitive. This margin outlook dovetails with the firm’s view that policy‑driven upside—particularly U.S. renewable‑energy incentives—will sustain demand for its panels over the next decade. The rating upgrade comes after First Solar reported improved profitability in Q2 2026, with net sales of $1.06 billion despite a 4 % YoY decline driven by contract terminations, indicating that the company is managing cost pressures while maintaining earnings momentum. For the next 1–10 trading days, the market will likely focus on how First Solar’s cost structure translates into earnings growth, especially as the company navigates a tightening supply‑chain environment. Watch for the release of the Q3 earnings report, which will test the upgraded margin assumptions and reveal whether the company can sustain its profitability trajectory. Additionally, keep an eye on any new U.S. renewable‑energy policy announcements, as they could materially affect the company’s demand outlook. Finally, monitor First Solar’s inventory levels and contract pipeline, as any significant changes could alter the company’s ability to meet projected sales targets.

FSLR|Analyst Targets

LOW TARGET

$150 -25.9%

3 analysts

MEAN TARGET

$275 +35.8%

25 analysts

HIGH TARGET

$402 +98.7%

20 analysts

PRICE RANGE

$150.00 - $402.00

SB / B / H / S / SS

7/27/11/1/2

DAILYIQ EST.

$289.00 (+42.8%)

FSLR|Company Info

Sector

Technology

Industry

Solar

Exchange

NMS

Country

United States

Website

firstsolar.com

Symbol

FSLR

Description

First Solar, Inc. is a solar technology provider specializing in photovoltaic (PV) energy solutions. The company's core business revolves around the design, manufacturing, and sale of thin-film solar modules, which utilize cadmium telluride semiconductor technology to convert sunlight into electricity. These modules offer a lower-carbon alternative to traditional crystalline silicon panels, positioning the company in a competitive market. First Solar also offers project development, operations and maintenance services, and sales of PV systems to a diverse customer base, including utilities, commercial entities, and system developers. Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates internationally, with a presence in the United States, France, India, and Chile.

FSLR|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

38,600 shares

$9.9M

Sloan Samantha L.EVP, Corporate Affairs

Option Exercise469 shares2026-09-01

Sloan Samantha L.EVP, Corporate Affairs

Tax Withholding134 shares2026-09-01

Sloan Samantha L.EVP, Corporate Affairs

Option Exercise469 shares2026-09-01

Gloeckler MarkusChief Technology Officer

Sell800 shares2026-09-01

Sloan Samantha L.EVP, Corporate Affairs

Sell127 shares2026-08-17

FSLR|Fundamentals

Strong bullish

Verdict: Bullish

✓Revenue growing year over year

✓Positive net margin

✓Positive operating cash flow

Gross Margin

40.6%

Net Margin

29.3%

Revenue CAGR

13.9%

Current Ratio

2.67x

Debt / Equity

0.05x

Return on Equity

16.0%

FSLR|Earnings Snapshot

Earnings Summary

First Solar, Inc. is a solar technology provider that designs, manufactures, and sells thin‑film photovoltaic modules using cadmium telluride technology, positioning itself as a lower‑carbon alternative to crystalline silicon panels. The company operates in the solar industry, offering project development, operations, and maintenance services to utilities, commercial entities, and system developers worldwide. In the last two quarters, Q4 2025 and Q1 2026, First Solar reported EPS of 4.84 and 3.22 versus estimates of 5.257 and 2.83072, respectively, showing a slight miss in Q4 2025 but a beat in Q1 2026; revenue rose from $1.68278 billion in Q4 2025 to $1.04424 billion in Q1 2026, reflecting a YoY decline in Q1 2026 but a rebound from the $844.57 million in Q1 2025, indicating volatility in sales volumes. Historically, the company has delivered earnings growth in most quarters, with EPS beating estimates in three of the last four quarters, while revenue has experienced mixed performance, underscoring a pattern of earnings resilience amid revenue swings. Recent news includes Piper Sandler’s new coverage, assigning an Overweight rating and a $260 price target, citing First Solar’s cost advantage and supply‑chain moat, and highlighting a 60% gross margin outlook by fiscal 2028; the coverage also notes a shrinking backlog and tariff policy uncertainty, creating a mixed sentiment environment. Investors should watch for the upcoming Q3 2026 earnings release to assess whether the company can sustain its profitability trajectory and how it navigates tariff risks and backlog dynamics, as these factors will be critical to validating the upgraded margin assumptions and the company’s long‑term growth prospects.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$4.68	-	-
Q2'26	$2.81	$3.92	+39.6%
Q1'26	$2.83	$3.22	+13.8%
Q4'25	$5.26	$4.84	-7.9%
Q3'25	$4.29	$4.24	-1.1%
Q2'25	$2.62	$3.18	+21.3%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$1.3B	-	-
Q2'26	$1.1B	$1.1B	-2.5%
Q1'26	$1.0B	$1.0B	-0.3%
Q4'25	$1.6B	$1.7B	+5.6%
Q3'25	-	$1.6B	-
Q2'25	-	$1.1B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

FSLR|Monthly Returns

Market Data

FSLR Stock Snapshot

SELL18/100

$202.90+$0.55 (0.3%)

Market cap: 22.26B
P/E ratio: 12.8
Day range: $202.19 – $210.30
News sentiment: 69/100 · Bullish
Analyst target: $274.81 (+35.4%)
Consensus: Buy · 48 analysts

52-week range+10.9% off low · -36.8% from high

$182.90$320.95

Price $202.90 DailyIQ Est. $289.00

The chart on FSLR has not stabilised: price is near its 52-week low and the trend is still down. Earnings and guidance carry more weight than macro data at this capitalisation.

Reverse DCF

What growth is priced into FSLR?

CHEAP

At today's price, First Solar, Inc. needs to grow free cash flow about 10.0% a year for the next 10 years to justify its valuation at a 10.72% cost of capital. Over its actual history it has compounded free cash flow at 23.9% a year, so the market is asking for 13.9 percentage points below its own delivered rate. On that basis FSLR looks priced below what its own growth record supports.

Implied FCF growth: 10.0%
Historical FCF CAGR: 23.9%
Growth gap: -13.9 pts
Verdict: CHEAP
Discount rate (WACC): 10.72%
Beta: 1.16

Behaviour On Record

What FSLR's own history says about today's numbers

Realized volatility (21d): 34.9% 20th pct
Below its peak: -35.4%
vs 200-day average: -11.3%
Up days (1y): 49%

First Solar, Inc. is currently running 34.9% annualised volatility over the last 21 sessions. Measured against FSLR's own 13 years of daily returns rather than a market-wide average, that is the 20th percentile — unusually subdued by its own history, against a typical reading of 45.8%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

FSLR is trading -35.4% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -41.1%, and the deepest was -60.7% in 2016. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits -11.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 31st percentile — close to the gap it normally carries. Over the past year FSLR closed higher on 49% of sessions, and it is currently 2 sessions into a falling streak.

On September specifically: over 14 years of records, FSLR finished the month higher 7 of 14 times, with a median return of -1.2% and an average of -0.9%. Its strongest month historically has been May at +10.7% on average, its weakest January at -4.3%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: FSLR has opened more than 2% away from the prior close in 164 of 3,268 sessions (5.0% of the time), with the largest gaps running +9.9% and -6.6%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, FSLR moved an average of 2.4% in the session after earnings, closing higher 1 of those 3 times, with a median move of -0.6% and a largest of +5.7%.

All figures computed from 3,269 daily closes between 2013-09-16 and 2026-09-15, split-adjusted, recomputed daily. Percentiles are against FSLR's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of FSLR's sector?

First Solar, Inc. sits in the Technology sector, currently ranked 6th of 11 GICS sectors by relative-strength rotation score (lagging).

Sector rank: #6 of 11
Sector state: Lagging
Sector rotation score: 50

Options Market

What is the options market pricing for FSLR?

CallsPuts

For First Solar, Inc.'s nearest expiry (2026-09-18, 3 days out), open interest is roughly balanced between puts and calls (put/call ratio of 0.98), with at-the-money implied volatility around 57.8%. The options market is pricing roughly a ±5.0% move by that expiry — a range of about $188.78–$208.48.

Put/call ratio (2026-09-18): 0.98
ATM implied volatility: 57.8%
Total open interest: 41,721
Expected move by 2026-09-18: ±5.0% ($188.78–$208.48)

Analyst Rating Changes

Are analysts turning bullish or bearish on FSLR?

Piper Sandler most recently initiated coverage on First Solar, Inc. to Overweight on Sep 9, 2026 with a price target of $260. Over the last 90 days, coverage has run 2 upgrades against 0 downgrades, a net bullish lean.

Latest action: Piper Sandler — Overweight
90-day upgrades: 2
90-day downgrades: 0
Net rating momentum: +2

Date	Firm	Action	Rating	Price target
Sep 9, 2026	Piper Sandler	Initiated	Overweight	$260
Aug 27, 2026	BMO Capital	Upgrade	Market Perform → Outperform	$237 → $263
Aug 26, 2026	Deutsche Bank	Maintained	Buy	$272 → $299
Aug 26, 2026	Argus Research	Reiterated	Buy	$275
Aug 18, 2026	Morgan Stanley	Maintained	Overweight	$245 → $323
Aug 17, 2026	Evercore ISI Group	Maintained	In-Line	$219 → $218
Aug 7, 2026	Wells Fargo	Maintained	Overweight	$300 → $313
Aug 3, 2026	Citigroup	Maintained	Buy	$294 → $297
Aug 3, 2026	Guggenheim	Maintained	Buy	$279 → $282
Jul 31, 2026	Wells Fargo	Maintained	Overweight	$320 → $300
Jul 31, 2026	Truist Securities	Reiterated	Hold	$249 → $229
Jul 31, 2026	Bernstein	Maintained	Underperform	$217 → $197

FSLR Competitive Positioning

First Solar, Inc. (FSLR) is tracked alongside these names in Solar on DailyIQ — ranked by market cap, with today's move alongside.

FSLRyou're hereFirst Solar, Inc.$22.3B+0.27%
ENPHEnphase Energy, Inc.$4.8B-0.25%

Held by These ETFs

FSLR is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

69/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Piper Sandler launched coverage of First Solar on September 9, assigning an Overweight rating and a $260 price target. The brokerage highlights First Solar’s low‑cost, fully domestic, vertically integrated supply chain as a competitive edge in a market with limited domestic capacity. While the firm acknowledges policy‑driven exposure from the 45X tax credit, it projects higher gross margins—about 60% by fiscal 2028 versus the consensus 56%—and EPS of $28.46 versus $27.76 consensus. This positive outlook reflects a material upside expectation for the company’s profitability and valuation.

What did this article say?

First Solar closed up 2% at $207.17, outperforming the broader market. The company’s upcoming earnings are expected to show a 7.5% rise in quarterly EPS to $4.56, while revenue guidance for the year remains flat at $5.08 billion. Analysts are monitoring any revisions to these estimates, which could signal shifts in the solar market outlook.

What did this article say?

Piper Sandler’s analyst Dimple Gosai has launched coverage on First Solar, assigning an Overweight rating and setting a new price target of $260. The endorsement signals confidence in the company’s growth prospects amid a favorable solar market backdrop. The rating upgrade may lift investor sentiment and support the stock’s valuation, though it does not represent a dramatic shift in fundamentals. Traders should assess how the market reacts to the new target and monitor subsequent earnings for validation.

What did this article say?

First Solar (FSLR) posted the largest losses among the top U.S. solar stocks in 2026 yet remains the most profitable company in the sector. The decline reflects higher production costs and weaker demand in certain markets, but the firm’s strong balance sheet and cost‑control initiatives have helped it maintain profitability. Investors should watch how the company’s cost‑management strategy evolves and whether it can sustain its profit margin amid continued market volatility.

What did this article say?

First Solar’s backlog is contracting, raising concerns about future revenue streams. Tariff policy uncertainty adds a pricing risk that could erode margins. The company’s plants are operating below capacity, further dampening earnings prospects. These factors suggest a modest downside for the stock as investors reassess growth assumptions.

What did this article say?

First Solar (FSLR) is expected to outperform as regulatory uncertainty subsides and the company’s revenue and margin outlook sharpens. The analyst notes a fair valuation at roughly 45‑X and a reasonable EV/EBITDA range of 20‑25x, suggesting room for upside. While the stock has lagged the S&P 500, the improved fundamentals and positive policy moves are expected to lift investor sentiment. The outlook remains bullish, with expectations that external volatility will recede and core business performance will drive gains.

What did this article say?

First Solar’s shares fell 1.4% in the latest session, trailing the broader market and reflecting a 17% decline in quarterly revenue estimates despite a 7.5% rise in projected EPS. The company’s fiscal‑year guidance remains largely unchanged, with earnings per share expected at $17.77 and revenue near $5.08 billion. Analysts note that the revenue shortfall may weigh on investor sentiment as the firm prepares for its upcoming earnings report.

What did this article say?

Washington’s Section 232 solar tariffs set a $0.38‑per‑watt floor and a 15% duty on polysilicon derivatives, directly benefiting First Solar’s cadmium‑telluride panels that bypass polysilicon. The policy has lifted investor sentiment, prompting BMO to upgrade the stock to Outperform with a $263 target. While the share price remains below its peak, the structural advantage positions First Solar to capture higher domestic module prices and potentially improve margins.

What did this article say?

Washington’s Section 232 tariffs set a $0.38‑per‑watt minimum import price and a 15% tariff on polysilicon derivatives, creating a favorable environment for domestic module makers like First Solar. The policy is expected to lift First Solar’s competitive edge by reducing import costs for its panels. However, the market reacted negatively, pushing the stock down 36% to around $204 as investors weighed short‑term volatility and potential supply chain disruptions. The tariff’s long‑term benefit remains, but immediate sentiment is cautious.

What did this article say?

First Solar’s stock has rebounded after a period of mixed performance, driven by renewed policy support that has sharpened a more bullish valuation narrative. The company’s recent quarterly results—$5.38 billion in revenue and $1.75 billion in net income—provide a solid financial foundation for the upside case. Analysts now view the firm’s solar‑panel manufacturing and project pipeline as better positioned to capture the anticipated growth in renewable energy incentives, which could lift earnings and broaden the upside range.

Technical Analysis

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SELL

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Institutional & Hedge Fund Ownership

25 tracked managers · $18.67B combined position · 13 adding, 10 trimming, 2 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
Vanguard Group Inc	▼ Sell	13,444,103	12.25%	$3.51B	2026-01-29
BlackRock, Inc.	▲ Buy	14,029,065	12.79%	$3.31B	2026-08-07
Susquehanna International Group, LLP	▲ Buy	12,628,563	11.51%	$2.98B	2026-08-14
Citadel Advisors LLC	• Hold	6,830,545	6.23%	$1.61B	2026-09-02
JPMorgan Chase & Co	▼ Sell	4,667,801	4.25%	$1.09B	2026-08-12
Capital World Investors	• Hold	4,114,639	3.75%	$970.89M	2026-08-12
Geode Capital Management, LLC	▲ Buy	3,109,602	2.83%	$733.06M	2026-08-12
Invesco Ltd.	▼ Sell	2,599,470	2.37%	$613.37M	2026-08-14
D. E. Shaw & Co., Inc.	▲ Buy	2,555,231	2.33%	$602.93M	2026-08-14
FMR LLC (Fidelity)	▲ Buy	2,179,215	1.99%	$514.21M	2026-08-13
Morgan Stanley	▲ Buy	1,790,509	1.63%	$422.49M	2026-08-13
Norges Bank	▲ Buy	1,598,543	1.46%	$377.19M	2026-08-12
Northern Trust Corp	▼ Sell	1,264,724	1.15%	$298.42M	2026-08-13
Citigroup Inc	▲ Buy	1,207,377	1.10%	$284.89M	2026-08-03
Millennium Management LLC	▼ Sell	842,890	0.77%	$198.89M	2026-08-14
Goldman Sachs Group Inc	▲ Buy	834,226	0.76%	$196.84M	2026-08-14
Bank of America Corp	▼ Sell	724,880	0.66%	$171.04M	2026-08-14
Viking Global Investors LP	▼ Sell	767,996	0.70%	$169.37M	2025-11-14
Wells Fargo & Company	▲ Buy	504,140	0.46%	$118.96M	2026-08-14
Balyasny Asset Management L.P.	▲ Buy	431,959	0.39%	$101.93M	2026-08-14
AQR Capital Management LLC	▼ Sell	414,876	0.38%	$97.89M	2026-08-14
Wellington Management Group LLP	▼ Sell	357,702	0.33%	$84.40M	2026-08-14
Capital Research Global Investors	▼ Sell	406,870	0.37%	$80.26M	2026-05-13
Temasek Holdings (Private) Ltd	▲ Buy	305,900	0.28%	$67.46M	2025-11-14
Schonfeld Strategic Advisors LLC	▲ Buy	235,504	0.21%	$61.52M	2026-02-17

Q2 2026 flow:8.55M sh bought ($2.02B)2.18M sh sold ($511.58M)net +6.37M sh (+$1.51B)

Congressional Trading Activity

4 disclosed trades · ~$32.0K est. traded value · 1 buys, 3 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2026-01-09	2026-02-13
Rob Bresnahan	House	PA08	▼ Sell	$1K - $15K	2025-04-08	2025-05-08
Dave Min	House	CA47	▼ Sell	$1K - $15K	2025-03-19	2025-04-14
Rob Bresnahan	House	PA08	▼ Sell	$1K - $15K	2025-02-25	2025-03-27

FSLR·First Solar, Inc.

EPS

Revenue

FSLR Stock Snapshot

What growth is priced into FSLR?

What FSLR's own history says about today's numbers

Is money rotating into or out of FSLR's sector?

What is the options market pricing for FSLR?

Are analysts turning bullish or bearish on FSLR?

FSLR Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

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News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

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FSLR·First Solar, Inc.

EPS

Revenue

FSLR Stock Snapshot

What growth is priced into FSLR?

What FSLR's own history says about today's numbers

Is money rotating into or out of FSLR's sector?

What is the options market pricing for FSLR?

Are analysts turning bullish or bearish on FSLR?

FSLR Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News