TICKERNERD
Menu
FSLRFSLRTechnology · Solar

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

Last close, 29 Oct 2026
$177
+0.33% on the day

The 36 Wall Street analysts covering First Solar, Inc. hold a median 12-month price target of $270 — +52.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 85 of 100 as at 28 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$18.9B
Ticker Nerd rank
85/ 100
Median analyst target
$270
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
+3.3%
1M
−0.0%
YTD
−32.3%
1Y
−26.8%
From 52W high
−44.4%
From 52W low
+5.2%
$168
$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 28 Oct 2026
85/ 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
94
Quality
93
Issuance
91
Volatility
86
Growth
84
Revisions
52
Momentum
51
Accruals
45
Size
10

Value (94): 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 systematic trader with 15+ 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 $270Low $191

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
27 Buy8 Hold1 Sell
Low $191Median $270High $402

The green dot is the last close — the median target sits +52.6% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 4 moved their price target up and 5 moved it down.

DateFirmActionRatingTarget
19 Oct 2026JP MorganMaintainsOverweight$256 → $252
15 Oct 2026BarclaysMaintainsOverweight$279 → $259
14 Oct 2026Morgan StanleyMaintainsOverweight$323 → $326
12 Oct 2026Truist SecuritiesUpgradeBuy$229 → $270
8 Oct 2026Goldman SachsMaintainsBuy$310 → $272
8 Oct 2026Goldman SachsMaintainsBuy—
30 Sept 2026Piper SandlerMaintainsOverweight—
30 Sept 2026Piper SandlerMaintainsOverweight$260 → $251
28 Sept 2026KeybancUpgradeSector Weight—
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

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

The AI build-out map

FSLR and 52 other companies make up Data centre power.

The model tests each one against its peers. 9 pass every test this week.

  • All 113 AI build-out companies, part by part, with what each one does.
  • One part in full: AI networking and servers, with every verdict and the reason.
  • Free, as a PDF. Plus the Market Radar on Mondays.

Free. Unsubscribe any time.

The AI build-out map
PDF

  • AI cloud capacity

    MSFTAMZNGOOGLORCL

  • AI chips

    NVDAAVGOAMDMU

  • AI networking and serversIn full

    ANETDELLLITECRDO

  • Data centre power

    VRTCEGGEVVST

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 29 Oct 2026, First Solar, Inc. returned −26.8% against +13.6% for the S&P 500, dividends included.

FSLR vs S&P 500, last 12 monthsTotal return, rebased to 100
708090100110120130Jan 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
+0.6%
Analysts raising
0
Analysts cutting
3
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
11.0×

Cheaper than 57% of US stocks

Price / sales
3.6×

Cheaper than 35% of US stocks

Price / book
1.9×

Cheaper than 48% of US stocks

EV / EBITDA
7.3×

Cheaper than 48% of US stocks

Growth & margins
Revenue growth (YoY)
−3.7%

Higher than 22% of US stocks

Earnings growth (YoY)
23.6%

Higher than 62% 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 $18.9B and an enterprise value of $17.4B.

  • 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: 11.0×; 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 29 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.$18.9B85
NXTNextpower, Inc.$12.4B59
ENPHEnphase Energy, Inc.$3.3B37
SEDGSolarEdge Technologies, Inc.$1.8B57
RUNSunrun, Inc.$1.8B29
SHLSShoals Technologies Group, Inc.$1.3B59
FISFidelity National Information Services, Inc.*$18.9B52

* 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 Q3 Earnings Call Highlights

MarketBeat · 29 Oct 2026positive

First Solar reported third-quarter net sales of approximately $1.2 billion, gross margin of about 58%, net income of $571 million and adjusted EBITDA of $744 million. The company also advanced its U.S. manufacturing expansion, CuRe technology deployment and perovskite research program.

Why it matters — The results and ongoing manufacturing and technology initiatives provide FSLR watchers with updates on the company’s financial performance and strategic programs.

First Solar (FSLR) Tops Q3 Earnings Estimates

Zacks Investment Research · 29 Oct 2026positive

First Solar reported quarterly earnings of $5.30 per share, above the Zacks Consensus Estimate of $4.64. Earnings were $4.24 per share in the year-ago quarter.

Why it matters — The results give FSLR watchers an update on quarterly earnings relative to analyst consensus and the prior-year period.

First Solar, Inc. Announces Third Quarter 2026 Financial Results, Updates Guidance, and Announces $500 Million Share Repurchase Program

Business Wire · 29 Oct 2026neutral

First Solar announced third-quarter 2026 financial results, updated its 2026 guidance, and announced a $500 million share repurchase program. Net sales were $1.23 billion, down 23% year over year, primarily because fewer modules were sold to third parties; net income was reported at $571 million.

Why it matters — The results and guidance update provide investors with information about First Solar’s recent sales performance and capital-allocation plans.

First Solar, CubicPV Enter into US Patent Licensing Agreement

Business Wire · 29 Oct 2026positive

First Solar signed a non-exclusive patent licensing agreement with CubicPV, giving First Solar access to CubicPV’s issued and pending US patents covering perovskite solar technology. The agreement allows First Solar to continue developing perovskite-based photovoltaic devices for US markets.

Why it matters — The agreement gives First Solar access to perovskite technology patents relevant to its ongoing PV device development.

First Solar Opens $330M South Carolina Plant, Targets 3.4 GW Capacity by 2027

MarketBeat · 29 Oct 2026positive

First Solar inaugurated the first phase of a new solar-module manufacturing facility in Gaffney, South Carolina. The company described the project as an approximately $330 million investment to expand U.S. production of utility-scale solar technology.

Why it matters — The facility represents a sizable investment in expanding First Solar’s U.S. manufacturing capacity.

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 $270, with estimates ranging from $191 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., 27 rate it a Buy, 8 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks First Solar, Inc. 85 out of 100 across roughly 4,600 US stocks as at 28 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FSLR?

As at 28 Oct 2026, First Solar, Inc. ranks 85 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 (94 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 +52.6% from the last close, and Ticker Nerd's factor model ranks First Solar, Inc. 85 out of 100 as at 28 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: $191 to $402 over the next 12 months.

How has FSLR stock performed over the past year?

First Solar, Inc. returned -26.8% over the 12 months to 29 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 (MarketBeat, 29 Oct 2026): "First Solar Q3 Earnings Call Highlights". First Solar reported third-quarter net sales of approximately $1.2 billion, gross margin of about 58%, net income of $571 million and adjusted EBITDA of $744 million. The company also advanced its U.S. manufacturing expansion, CuRe technology deployment and perovskite research program.

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