First Solar (NASDAQ:FSLR) Given New $233.00 Price Target at JPMorgan Chase & Co.

First Solar (NASDAQ:FSLR) had its target price cut by analysts at JPMorgan Chase & Co. from $252.00 to $233.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the solar cell manufacturer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 33.60% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Citigroup restated a “buy” rating on shares of First Solar in a research note on Friday. Roth Capital restated a “buy” rating and issued a $300.00 target price on shares of First Solar in a research note on Friday, July 24th. Weiss Ratings downgraded shares of First Solar from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Robert W. Baird reduced their price target on First Solar from $318.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 22nd. Finally, Sanford C. Bernstein decreased their price objective on shares of First Solar from $197.00 to $169.00 and set an “underperform” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and an average target price of $255.68.

First Solar Stock Performance

FSLR traded down $2.49 on Friday, hitting $174.40. The company had a trading volume of 3,485,549 shares, compared to its average volume of 2,353,988. The stock has a market capitalization of $18.74 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.48 and a beta of 1.80. The stock has a fifty day moving average price of $189.51 and a 200-day moving average price of $216.51. First Solar has a 12-month low of $165.86 and a 12-month high of $320.95.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, October 29th. The solar cell manufacturer reported $5.30 EPS for the quarter, beating the consensus estimate of $4.67 by $0.63. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm posted $4.24 earnings per share. The company’s quarterly revenue was down 22.8% on a year-over-year basis. Analysts forecast that First Solar will post 17.63 EPS for the current fiscal year.

Insider Buying and Selling at First Solar

In other news, insider Michael Koralewski sold 7,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $221.51, for a total value of $1,550,570.00. Following the completion of the sale, the insider directly owned 7,642 shares in the company, valued at $1,692,779.42. This represents a 47.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Markus Gloeckler sold 800 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $174.00, for a total transaction of $139,200.00. Following the completion of the transaction, the chief technology officer directly owned 5,042 shares in the company, valued at approximately $877,308. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,681 shares of company stock worth $3,756,286 over the last three months. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of First Solar

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of First Solar in the second quarter valued at approximately $3,310,298,000. Hill City Capital LP purchased a new stake in First Solar in the 2nd quarter valued at $620,133,555. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in First Solar by 7.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,535,836 shares of the solar cell manufacturer’s stock valued at $362,396,000 after buying an additional 100,694 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of First Solar by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,305,471 shares of the solar cell manufacturer’s stock worth $257,441,000 after acquiring an additional 56,300 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of First Solar during the 2nd quarter worth $212,626,000. Institutional investors and hedge funds 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: First Solar reported third-quarter adjusted earnings of $5.30 per share, beating estimates by roughly 14%, while net income increased 25% year over year. Strong margins and a reported $13.5 billion backlog provide support for longer-term earnings visibility. First Solar Announces Third Quarter 2026 Financial Results
• Positive Sentiment: The company authorized a $500 million share-repurchase program, which could support per-share results and signal management’s confidence in long-term cash generation. First Solar Posts Strong Q3 Results and Launches Buyback Plan
• Positive Sentiment: First Solar signed a U.S. patent licensing agreement with CubicPV covering perovskite technology, potentially advancing its next-generation solar-product development. The company also inaugurated the first phase of its South Carolina facility, expanding domestic manufacturing capacity. First Solar and CubicPV Enter U.S. Patent Licensing Agreement

First Solar Company Profile

First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.