First Solar (NASDAQ:FSLR) Stock Gets Price Target Cut from JPMorgan Chase & Co.

First Solar (NASDAQ:FSLR) had its target price reduced by JPMorgan Chase & Co. from $252.00 to $233.00 in a research note published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the solar cell manufacturer’s stock.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada reduced their price target on shares of First Solar from $236.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday. Mizuho set a $324.00 price objective on shares of First Solar in a research note on Thursday, August 13th. Barclays lowered their price target on shares of First Solar from $279.00 to $259.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Guggenheim increased their target price on shares of First Solar from $282.00 to $299.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Finally, HC Wainwright initiated coverage on shares of First Solar in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.62.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $174.40 on Friday. First Solar has a fifty-two week low of $165.86 and a fifty-two week high of $320.95. The business has a 50-day moving average of $188.72 and a two-hundred day moving average of $216.19. The stock has a market capitalization of $18.74 billion, a P/E ratio of 10.09, a P/E/G ratio of 0.47 and a beta of 1.73.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, October 29th. The solar cell manufacturer reported $5.30 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.63. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.29 billion. First Solar had a net margin of 37.12% and a return on equity of 18.33%. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.24 earnings per share. As a group, research analysts expect that First Solar will post 17.64 EPS for the current fiscal year.

Insider Transactions at First Solar

In related news, General Counsel Jason Dymbort sold 3,700 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $249.38, for a total transaction of $922,706.00. Following the completion of the sale, the general counsel directly owned 5,624 shares of the company’s stock, valued at approximately $1,402,513.12. This represents a 39.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha Sloan sold 127 shares of First Solar stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $222.95, for a total transaction of $28,314.65. Following the sale, the executive vice president owned 2,018 shares in the company, valued at approximately $449,913.10. This represents a 5.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 6,256 shares of company stock valued at $1,455,813. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Toth Financial Advisory Corp bought a new position in shares of First Solar in the third quarter valued at approximately $32,000. Clearstead Trust LLC bought a new stake in shares of First Solar in the second quarter worth $34,000. Vega Investment Solutions bought a new position in shares of First Solar in the second quarter valued at approximately $40,000. Rakuten Securities Inc. bought a new position in shares of First Solar in the second quarter valued at approximately $44,000. Finally, Allied Private Wealth LLC bought a new stake in First Solar during the 2nd quarter valued at $45,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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.