First Solar (NASDAQ:FSLR) Price Target Cut to $283.00 by Analysts at Citigroup

First Solar (NASDAQ:FSLR) had its target price lowered by equities research analysts at Citigroup from $297.00 to $283.00 in a research report issued on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the solar cell manufacturer’s stock. Citigroup‘s price objective indicates a potential upside of 55.45% from the company’s current price.

A number of other analysts have also recently commented on FSLR. The Goldman Sachs Group reiterated a “buy” rating on shares of First Solar in a research report on Friday. Oppenheimer reiterated a “market perform” rating on shares of First Solar in a research report on Friday. Mizuho set a $328.00 price objective on First Solar in a research report on Monday. Piper Sandler dropped their price objective on First Solar from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Finally, William Blair set a $248.00 price objective on First Solar in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $257.38.

First Solar Trading Up 4.4%

First Solar stock opened at $182.05 on Friday. The stock has a market cap of $19.56 billion, a PE ratio of 10.54, a P/E/G ratio of 0.48 and a beta of 1.80. The stock has a 50-day moving average price of $188.07 and a 200 day moving average price of $215.90. First Solar has a 52 week low of $165.86 and a 52 week high of $320.95.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, October 29th. The solar cell manufacturer reported $5.30 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.63. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.29 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%. The firm’s quarterly revenue was down 22.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 EPS. On average, equities analysts predict that First Solar will post 17.64 EPS for the current year.

Insiders Place Their Bets

In other First Solar news, General Counsel Jason Dymbort sold 3,700 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $249.38, for a total value of $922,706.00. Following the sale, the general counsel directly owned 5,624 shares of the company’s stock, valued at approximately $1,402,513.12. This trade represents a 39.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha Sloan sold 127 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the completion of the sale, the executive vice president directly owned 2,018 shares in the company, valued at approximately $449,913.10. The trade was a 5.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 5,427 shares of company stock valued at $1,250,221. Insiders own 0.39% of the company’s stock.

Institutional Trading of First Solar

Hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its holdings in shares of First Solar by 10.4% in the 3rd quarter. Alps Advisors Inc. now owns 37,704 shares of the solar cell manufacturer’s stock valued at $6,604,000 after acquiring an additional 3,540 shares during the last quarter. Mader & Shannon Wealth Management Inc. boosted its position in First Solar by 3.0% during the 3rd quarter. Mader & Shannon Wealth Management Inc. now owns 24,281 shares of the solar cell manufacturer’s stock worth $4,253,000 after acquiring an additional 700 shares during the period. CenterBook Partners LP boosted its position in First Solar by 121.0% during the 3rd quarter. CenterBook Partners LP now owns 57,068 shares of the solar cell manufacturer’s stock worth $9,996,000 after acquiring an additional 31,241 shares during the period. Argonautica Private Wealth Management Inc. boosted its position in First Solar by 7.7% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 4,160 shares of the solar cell manufacturer’s stock worth $729,000 after acquiring an additional 298 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in First Solar by 10.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,970 shares of the solar cell manufacturer’s stock worth $2,272,000 after acquiring an additional 1,271 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about First Solar

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

• Positive Sentiment: First Solar added 1.4 gigawatts of U.S. gross bookings at $0.36 per watt, supporting future demand visibility. The board also authorized a share-repurchase program of up to $500 million, which could support per-share value. First Solar: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The broader solar sector recovered, lifting First Solar along with Enphase Energy and Sunrun after last week’s sharp declines. The rebound indicates some investors are buying the sector’s pullback. Solar Stocks Rebound
• Positive Sentiment: Citigroup reaffirmed its “buy” rating, while Guggenheim maintained “buy” and Robert W. Baird maintained “outperform.” Their targets of $297 and $266, respectively, imply substantial upside from the current price. Citigroup First Solar Rating
• Neutral Sentiment: BNP Paribas Exane initiated research coverage on First Solar, adding another analyst view but without a disclosed rating or price target. BNP Paribas Exane Coverage
• Negative Sentiment: Several firms—including Barclays, Morgan Stanley, Wells Fargo, RBC, Bernstein and Needham—lowered their price targets. Barclays cut its target from $259 to $230, though it retained an “overweight” rating, signaling reduced expectations rather than a bearish call. Barclays Adjusts First Solar Price Target

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.