First Solar (NASDAQ:FSLR) Stock Price Target Lowered at Royal Bank Of Canada

First Solar (NASDAQ:FSLR) had its price objective lowered by Royal Bank Of Canada from $236.00 to $232.00 in a report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the solar cell manufacturer’s stock.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group reissued a “buy” rating on shares of First Solar in a research note on Friday. JPMorgan Chase & Co. dropped their price target on shares of First Solar from $256.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. HC Wainwright started coverage on First Solar in a report on Thursday, August 27th. They set a “buy” rating for the company. Oppenheimer reissued a “market perform” rating on shares of First Solar in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft downgraded First Solar from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. Two equities 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. Based on data from MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and an average target price of $259.62.

First Solar Stock Performance

FSLR stock opened at $174.40 on Friday. The stock has a market cap of $18.74 billion, a P/E ratio of 10.09, a P/E/G ratio of 0.48 and a beta of 1.80. The firm has a 50 day simple moving average of $188.72 and a 200 day simple moving average of $216.19. First Solar has a 52 week low of $165.86 and a 52 week high of $320.95.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 29th. The solar cell manufacturer reported $5.30 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.63. The firm 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 18.78%. The firm’s revenue was down 22.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.24 earnings per share. Sell-side analysts predict that First Solar will post 17.63 EPS for the current year.

Insider Buying and Selling at First Solar

In other news, General Counsel Jason E. Dymbort sold 3,700 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total transaction of $922,706.00. Following the transaction, the general counsel owned 5,624 shares in the company, valued at $1,402,513.12. This represents a 39.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Markus Gloeckler sold 3,425 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $218.95, for a total transaction of $749,903.75. Following the transaction, the chief technology officer owned 7,471 shares in the company, valued at approximately $1,635,775.45. This trade represents a 31.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,681 shares of company stock worth $3,756,286 in the last ninety days. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On First Solar

Institutional investors have recently bought and sold shares of the stock. Fiduciary Financial Group LLC grew its stake in shares of First Solar by 2.3% in the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the solar cell manufacturer’s stock worth $478,000 after acquiring an additional 45 shares during the last quarter. Burford Brothers Inc. raised its position in shares of First Solar by 0.3% in the 1st quarter. Burford Brothers Inc. now owns 19,131 shares of the solar cell manufacturer’s stock worth $3,774,000 after purchasing an additional 51 shares during the last quarter. Hilltop Holdings Inc. raised its position in shares of First Solar by 3.5% in the 1st quarter. Hilltop Holdings Inc. now owns 1,608 shares of the solar cell manufacturer’s stock worth $317,000 after purchasing an additional 54 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of First Solar by 0.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,102 shares of the solar cell manufacturer’s stock worth $3,973,000 after purchasing an additional 55 shares during the last quarter. Finally, Cox Capital Mgt LLC boosted its stake in First Solar by 0.4% in the 3rd quarter. Cox Capital Mgt LLC now owns 13,989 shares of the solar cell manufacturer’s stock worth $2,450,000 after purchasing an additional 58 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

More First Solar News

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

About First Solar

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.