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FSLRFSLRTechnology · Solar

FSLR Stock Forecast: First Solar, Inc. Price Predictions for 2026-2027

Last close, 8 Oct 2026
$179
−0.71% on the day

The 36 Wall Street analysts covering First Solar, Inc. hold a median 12-month price target of $275 — +53.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 86 of 100 as at 7 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$19.4B
Ticker Nerd rank
86 / 100
Median analyst target
$275
Analysts covering
36
Revenue$1.1B−3.7% y/y
Operating income$450.4M
Net income$422.6M
Free cash flow−$306.2M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+3.9%
1M
−16.1%
YTD
−31.5%
1Y
−22.7%
From 52W high
−43.8%
From 52W low
+3.9%
$172
$318
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

FSLR stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores First Solar, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 7 Oct 2026
86 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Value
95
Quality
93
Issuance
91
Volatility
85
Growth
85
Momentum
57
Revisions
49
Accruals
45
Size
10

Value (95): The shares cost little relative to the profits and assets behind them — which can mean the market is too gloomy, or that the business really is in trouble.

Accruals (45): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.

Size (10): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

FSLR stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on FSLR, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$200$250$300$350$400Jan 26Apr 26Jul 26Oct 26FSLRHigh $402Median $275Low $197

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says36 analysts
26 Buy9 Hold1 Sell
Low $197Median $275High $402

The green dot is the last close — the median target sits +53.5% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 5 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
30 Sept 2026Piper SandlerMaintainsOverweight$260 → $251
28 Sept 2026KeybancUpgradeSector Weight—
22 Sept 2026GLJ ResearchMaintainsBuy—
22 Sept 2026GLJ ResearchMaintainsBuy$315 → $250
9 Sept 2026Piper SandlerInitiatesOverweight$260
9 Sept 2026Piper SandlerInitiatesOverweight—
27 Aug 2026BMO CapitalUpgradeOutperform$237 → $263
27 Aug 2026BMO CapitalUpgradeOutperform—
26 Aug 2026Argus ResearchReiteratesBuy—
26 Aug 2026Argus ResearchReiteratesBuy$275
26 Aug 2026Deutsche BankMaintainsBuy—
26 Aug 2026Deutsche BankMaintainsBuy$272 → $299
18 Aug 2026Morgan StanleyMaintainsOverweight—
18 Aug 2026Morgan StanleyMaintainsOverweight$245 → $323
17 Aug 2026Evercore ISI GroupMaintainsIn-Line—
17 Aug 2026Evercore ISI GroupMaintainsIn-Line$219 → $218
7 Aug 2026Wells FargoMaintainsOverweight$300 → $313
7 Aug 2026Wells FargoMaintainsOverweight—
3 Aug 2026CitigroupMaintainsBuy—
3 Aug 2026CitigroupMaintainsBuy$294 → $297

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FSLR appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

FSLR vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 8 Oct 2026, First Solar, Inc. returned −22.7% against +16.2% for the S&P 500, dividends included.

FSLR vs S&P 500, last 12 monthsTotal return, rebased to 100
708090100110120130140Jan 26Apr 26Jul 26Oct 26FSLRS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

FSLR analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+0.7%
Analysts raising
17
Analysts cutting
7
Fundamentals

First Solar, Inc. (FSLR) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
10.9×

Cheaper than 56% of US stocks

Price / sales
3.5×

Cheaper than 34% of US stocks

Price / book
1.8×

Cheaper than 47% of US stocks

EV / EBITDA
7.5×

Cheaper than 47% of US stocks

Growth & margins
Revenue growth (YoY)
−3.7%

Higher than 22% of US stocks

Earnings growth (YoY)
23.6%

Higher than 61% of US stocks

Gross margin
57.3%

Higher than 70% of US stocks

Operating margin
42.6%

Higher than 93% of US stocks

Net margin
32.5%

Higher than 91% of US stocks

Returns & dividend
Return on equity
18.5%

Higher than 79% of US stocks

Return on assets
8.6%

Higher than 90% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

First Solar, Inc. (FSLR) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • First Solar, Inc. has a market value of $19.4B and an enterprise value of $17.8B.

  • Revenue in the twelve months to 30 June 2026: $5.4B. The latest quarter shrank 3.7% year on year.

  • Net income over the same four quarters: $1.7B, a 32.5% net margin.

  • Diluted earnings per share, trailing twelve months: $16.22.

  • Free cash flow in the twelve months to 30 June 2026: $1.5B.

  • Shares outstanding: 107.5M.

  • Trailing P/E: 10.9×; forward P/E: 7.6× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • First Solar, Inc. employs 7,900 people — $681K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 8 Oct 2026

Data provided by Twelve Data

Peers

FSLR vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSolar
CompanyMarket capTKN rank
FSLRFirst Solar, Inc.$19.4B
86
NXTNextpower, Inc.$13.0B
60
ENPHEnphase Energy, Inc.$4.4B
56
SEDGSolarEdge Technologies, Inc.$2.0B
62
RUNSunRun, Inc.$1.8B
24
SHLSShoals Technologies Group, Inc.$1.4B
63
UUnity Software, Inc.*$19.4B
57

* Nearest Technology names by size — few solar companies of this scale trade in the US universe.

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own First Solar, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest FSLR news & analysis

First Solar Sues Corning Subsidiary, Chinese Rival Over Patent Infringement

Investors Business Daily · 2 Oct 2026neutral

First Solar filed a patent infringement lawsuit against a Corning subsidiary and a Chinese rival. The company's stock rose about 2% on Friday, the day after the lawsuit was filed, according to Investor's Business Daily.

Why it matters — First Solar watchers would care because the patent litigation could affect the company's competitive position and legal exposure in the solar market.

First Solar (FSLR) Stock Declines While Market Improves: Some Information for Investors

Zacks Investment Research · 1 Oct 2026negative

First Solar (FSLR) shares declined by 1.74%, closing at $172.11 in the latest trading day, even as the broader market improved. The stock's drop runs counter to the positive market movement observed during the session.

Why it matters — The stock's decline against a rising market may be of interest to FSLR watchers tracking the company's recent price performance relative to broader conditions.

First Solar Files Patent Infringement Lawsuit Against JA Solar & American Panel Solutions

Business Wire · 1 Oct 2026neutral

First Solar announced it has filed a patent infringement lawsuit against JA Solar companies and American Panel Solutions LLC, alleging infringement of its US Patent No. 9,130,074 covering methods of manufacturing Tunnel Oxide Passivated Contact (TOPCon) solar cells.

Why it matters — For FSLR watchers, this legal action relates to protecting the company's TOPCon manufacturing intellectual property, which is relevant to its competitive position in the solar market.

Will First Solar (FSLR) Beat Estimates Again in Its Next Earnings Report?

Zacks Investment Research · 1 Oct 2026positive

Zacks reports that First Solar has an impressive earnings surprise history and currently shows the right combination of key elements to likely beat expectations in its next quarterly earnings report.

Why it matters — A likely earnings beat in the coming report is relevant for FSLR watchers given the company's track record of positive surprises.

Investors Heavily Search First Solar, Inc. (FSLR): Here is What You Need to Know

Zacks Investment Research · 30 Sept 2026neutral

Zacks.com users have been paying close attention to First Solar (FSLR), prompting Zacks Investment Research to examine the stock. This appears to be a response to heightened investor search interest in the company.

Why it matters — A FSLR watcher would care because increased investor attention and research coverage can signal heightened market interest in the company.

FAQ

Frequently asked questions about FSLR stock

What is the FSLR stock price forecast for 2026-2027?

The 36 Wall Street analysts covering First Solar, Inc. have a median 12-month price target of $275, with estimates ranging from $197 to $402. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is FSLR stock a buy right now?

Of the 36 analysts covering First Solar, Inc., 26 rate it a Buy, 9 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks First Solar, Inc. 86 out of 100 across roughly 4,600 US stocks as at 7 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FSLR?

As at 7 Oct 2026, First Solar, Inc. ranks 86 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Value (95 of 100).

Will FSLR stock go up?

No one can know that. What the data says: the median 12-month target from 36 analysts implies +53.5% from the last close, and Ticker Nerd's factor model ranks First Solar, Inc. 86 out of 100 as at 7 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the FSLR stock forecast for 2030?

No analyst covering First Solar, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FSLR are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $197 to $402 over the next 12 months.

How has FSLR stock performed over the past year?

First Solar, Inc. returned -22.7% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does First Solar, Inc. do?

First Solar Inc. is a solar technology and manufacturing company that designs, produces, and sells cadmium telluride thin-film photovoltaic modules for utility-scale power generation.

What is the latest news on FSLR?

The most recent item we track (Investors Business Daily, 2 Oct 2026): "First Solar Sues Corning Subsidiary, Chinese Rival Over Patent Infringement". First Solar filed a patent infringement lawsuit against a Corning subsidiary and a Chinese rival. The company's stock rose about 2% on Friday, the day after the lawsuit was filed, according to Investor's Business Daily.

Company

About First Solar, Inc.

First Solar Inc. is a solar technology and manufacturing company that designs, produces, and sells cadmium telluride thin-film photovoltaic modules for utility-scale power generation. First Solar Inc. focuses on providing solar modules and integrated solar energy solutions used by developers, independent power producers, utilities, and commercial customers. Its product lineup includes advanced thin-film modules built to convert sunlight into electricity with an emphasis on efficiency and responsible production. The company also supports customers with related services such as project development assistance, operations support, and end-of-life panel recycling. Headquartered in Tempe, Arizona, First Solar Inc. plays a significant role in the global renewable energy market as a major supplier of large-format solar technology and a provider of solutions for large-scale solar installations.

CEO Mr. Mark R. Widmar · 7,900 employees · United States · https://www.firstsolar.com