First Solar (NASDAQ:FSLR) Receives “Hold” Rating from Truist Financial

Truist Financial restated their hold rating on shares of First Solar (NASDAQ:FSLR) in a research report released on Friday,Benzinga reports. They currently have a $229.00 price target on the solar cell manufacturer’s stock, down from their previous price target of $249.00.

A number of other equities research analysts also recently weighed in on the company. Roth Capital reaffirmed a “buy” rating and set a $300.00 price objective on shares of First Solar in a research report on Friday, July 24th. Morgan Stanley boosted their target price on shares of First Solar from $230.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Guggenheim boosted their target price on shares of First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft raised shares of First Solar from a “hold” rating to a “buy” rating and increased their price target for the company from $245.00 to $272.00 in a research report on Monday, July 6th. Finally, Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.86.

First Solar Stock Up 2.4%

First Solar stock opened at $211.03 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The firm has a market cap of $22.68 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.46 and a beta of 1.73. The business has a fifty day moving average of $245.08 and a two-hundred day moving average of $225.23. First Solar has a twelve month low of $171.99 and a twelve month high of $320.95.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $1.02. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. First Solar had a return on equity of 18.42% and a net margin of 32.47%.The business’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $3.18 EPS. On average, analysts forecast that First Solar will post 17.54 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Georges Antoun sold 566 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total transaction of $122,046.58. Following the transaction, the insider directly owned 19,918 shares in the company, valued at $4,294,918.34. The trade was a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Alexander R. Bradley sold 498 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $107,383.74. Following the transaction, the chief financial officer directly owned 30,712 shares in the company, valued at $6,622,428.56. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 31,893 shares of company stock worth $7,893,775 over the last quarter. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On First Solar

Large investors have recently modified their holdings of the business. Reflection Asset Management purchased a new position in shares of First Solar in the 4th quarter valued at approximately $26,000. Commonwealth Retirement Investments LLC purchased a new stake in First Solar during the 4th quarter worth approximately $26,000. Larson Financial Group LLC grew its position in First Solar by 117.0% during the 4th 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. Elyxium Wealth LLC acquired a new position in First Solar during the 4th quarter valued at approximately $30,000. Finally, MV Capital Management Inc. acquired a new position in First Solar during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Trending Headlines about First Solar

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

• Positive Sentiment: Profit and margins exceeded expectations. First Solar reported second-quarter EPS of $3.92, well above the $2.99 analyst consensus and up from $3.18 a year earlier. Gross margin expanded to approximately 57%, while adjusted EBITDA rose to $644 million from $560 million. First Solar’s Q2 Earnings Beat Estimates, Revenues Decrease Y/Y
• Positive Sentiment: Strong long-term demand visibility supported the bullish reaction. Management highlighted a record backlog, 45.1 gigawatts of contracted sales at quarter-end, domestic manufacturing expansion, technology investments and policy-driven opportunities extending through 2030. The company also cited a cumulative production milestone above 100 GW. FSLR Q2 Earnings Call Highlights Domestic Solar Push
• Positive Sentiment: Analysts maintained bullish ratings. Goldman Sachs reiterated a Buy rating with a $310 price target, while Needham maintained Buy with a $303 target, citing attractive valuation, demand momentum and potential support from Section 232 tariffs. First Solar: Strong Q2 Beat and Solid Demand Momentum
• Neutral Sentiment: Full-year guidance was reaffirmed. First Solar maintained 2026 net sales guidance of $4.9 billion to $5.2 billion, broadly in line with expectations. However, the midpoint is slightly below consensus, limiting the upside from the earnings beat. First Solar Announces Second Quarter 2026 Results
• Negative Sentiment: Revenue declined year over year. Sales fell about 4% to $1.06 billion, primarily because customer contract cancellations offset higher third-party module sales. The company is also navigating Section 232 tariff uncertainty and rising input costs. First Solar Sales Fall on Contract Cancellations
• Negative Sentiment: Securities litigation remains an overhang. Multiple law firms publicized a shareholder class action concerning alleged misrepresentations about tariffs and production challenges, with an August 24, 2026 lead-plaintiff deadline. These notices may pressure sentiment, although they do not represent a court finding of wrongdoing. Kaplan Fox First Solar Shareholder Notice

About First Solar

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.