First Solar (NASDAQ:FSLR) Price Target Raised to $270.00

First Solar (NASDAQ:FSLR) had its price target raised by Roth Capital from $225.00 to $270.00 in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a buy rating on the solar cell manufacturer’s stock. Roth Capital also issued estimates for First Solar’s Q1 2026 earnings at $4.04 EPS, Q2 2026 earnings at $5.13 EPS, Q3 2026 earnings at $6.64 EPS, Q4 2026 earnings at $7.60 EPS, FY2026 earnings at $23.41 EPS, Q1 2027 earnings at $4.75 EPS, Q2 2027 earnings at $6.53 EPS, Q3 2027 earnings at $7.86 EPS, FY2027 earnings at $27.85 EPS, FY2028 earnings at $30.62 EPS and FY2029 earnings at $31.83 EPS.

Several other analysts have also commented on the stock. Needham & Company LLC initiated coverage on shares of First Solar in a report on Wednesday, October 22nd. They issued a “buy” rating and a $286.00 price objective for the company. Glj Research reissued a “buy” rating and issued a $214.06 target price (up previously from $172.53) on shares of First Solar in a research report on Tuesday, August 12th. Susquehanna raised their target price on First Solar from $222.00 to $273.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Solar in a research note on Wednesday, October 8th. Finally, Wolfe Research increased their price objective on First Solar from $209.00 to $232.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, First Solar currently has an average rating of “Moderate Buy” and a consensus price target of $244.81.

First Solar Stock Up 0.9%

Shares of First Solar stock opened at $241.71 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. First Solar has a 12-month low of $116.56 and a 12-month high of $249.56. The company has a market cap of $25.92 billion, a P/E ratio of 20.68, a PEG ratio of 0.46 and a beta of 1.38. The company’s fifty day simple moving average is $217.08 and its two-hundred day simple moving average is $181.67.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping the consensus estimate of $2.68 by $0.50. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $3.25 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that First Solar will post 13.05 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Mark R. Widmar sold 2,321 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $199.44, for a total transaction of $462,900.24. Following the completion of the transaction, the chief executive officer directly owned 81,861 shares in the company, valued at $16,326,357.84. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nathan B. Theurer sold 686 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 30,715 shares of company stock worth $5,733,305. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On First Solar

Several institutional investors and hedge funds have recently made changes to their positions in FSLR. Cetera Investment Advisers lifted its holdings in shares of First Solar by 10.9% during the 1st quarter. Cetera Investment Advisers now owns 25,437 shares of the solar cell manufacturer’s stock valued at $3,216,000 after buying an additional 2,510 shares during the period. Vontobel Holding Ltd. increased its position in First Solar by 14.2% during the first quarter. Vontobel Holding Ltd. now owns 189,320 shares of the solar cell manufacturer’s stock valued at $23,936,000 after acquiring an additional 23,528 shares during the last quarter. Hunter Associates Investment Management LLC bought a new position in First Solar in the first quarter valued at about $272,000. Raymond James Financial Inc. boosted its position in First Solar by 57.2% in the first quarter. Raymond James Financial Inc. now owns 43,991 shares of the solar cell manufacturer’s stock worth $5,562,000 after purchasing an additional 16,003 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its position in First Solar by 18.2% in the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 101,659 shares of the solar cell manufacturer’s stock worth $12,853,000 after purchasing an additional 15,656 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

About First Solar

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.