First Solar (NASDAQ:FSLR) Stock Rating Lowered by Robert W. Baird

First Solar (NASDAQ:FSLR) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $205.00 price objective on the solar cell manufacturer’s stock, down from their prior price objective of $264.00. Robert W. Baird’s price objective would indicate a potential downside of 15.71% from the stock’s current price.

FSLR has been the topic of a number of other reports. Royal Bank Of Canada raised their price objective on First Solar from $244.00 to $258.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Wolfe Research increased their target price on First Solar from $232.00 to $247.00 in a report on Friday, October 31st. Seaport Research Partners raised their price target on First Solar from $217.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Roth Mkm set a $300.00 price objective on First Solar in a research report on Friday, October 31st. Finally, Evercore raised their target price on shares of First Solar from $240.90 to $241.00 in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.57.

First Solar Stock Up 0.4%

Shares of NASDAQ:FSLR opened at $243.21 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. The firm has a fifty day moving average of $245.45 and a 200 day moving average of $236.31. First Solar has a 52-week low of $116.56 and a 52-week high of $285.99. The firm has a market capitalization of $26.10 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.60.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.38). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company earned $3.65 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that First Solar will post 13.05 EPS for the current fiscal year.

Hedge Funds Weigh In On First Solar

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of First Solar in the 4th quarter worth approximately $392,040,000. Viking Global Investors LP raised its stake in First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after buying an additional 854,919 shares during the last quarter. Polar Capital Holdings Plc bought a new stake in First Solar in the fourth quarter worth $200,109,000. Lightrock Netherlands B.V. grew its stake in shares of First Solar by 2,663.8% in the fourth quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock worth $174,059,000 after acquiring an additional 642,199 shares during the last quarter. Finally, Amundi increased its holdings in shares of First Solar by 38.6% during the third quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock valued at $459,917,000 after acquiring an additional 564,032 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

Key First Solar News

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

• Positive Sentiment: Management emphasized record 2025 net sales, large gross bookings (2.3 GW ex-India) and plans to add U.S. finishing capacity (South Carolina), signaling demand visibility and onshore expansion that support long-term growth. Read More.
• Positive Sentiment: First Solar signed a patent licensing agreement with Oxford PV, broadening tech access for U.S. markets and potentially strengthening product pipeline/competitiveness. Read More.
• Positive Sentiment: Needham raised its price target to $303 and maintained a buy rating, reflecting analyst conviction that upside remains despite short-term headwinds. Read More.
• Neutral Sentiment: Q4 revenue of $1.68B beat consensus (up 11% YoY), and the company posted higher full‑year 2025 profit — mixed operational signals that complicate near-term forecasting. Read More.
• Neutral Sentiment: Company released an earnings slide deck and call transcript with detail on bookings, low‑bin inventory clearance and strategy — useful for modeling but not immediately market-moving. Read More.
• Negative Sentiment: EPS missed consensus ($4.84 vs. $5.22), prompting investor concern about near-term margins and execution. Read More.
• Negative Sentiment: FY2026 revenue guidance came in well below Street estimates (midpoint ~$5.05B vs. ~$6.2B consensus), which triggered a sharp post‑earnings selloff and is the primary driver of downward pressure on the stock. Read More.
• Negative Sentiment: U.S. preliminary anti-subsidy duties on panels from India, Indonesia and Laos raise the prospect of higher domestic prices and supply constraints that could depress volume or mix in 2026. Management cited tariff impacts and underutilization as issues. Read More.

First Solar Company Profile

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.