Implied QVML Analyst Target Price: $40
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2025
0mins
Should l Buy FSLR?
Source: NASDAQ.COM
ETF Analysis: The Invesco S&P 500 QVM Multi-factor ETF (QVML) has an implied analyst target price of $40.42 per unit, indicating a potential upside of 12.83% from its current trading price of $35.82.
Stock Performance Insights: Notable underlying holdings such as Loews Corp., Moderna Inc., and First Solar Inc. show significant upside potential based on analyst targets, raising questions about the validity and optimism of these projections.
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Analyst Views on FSLR
Wall Street analysts forecast FSLR stock price to rise
23 Analyst Rating
18 Buy
4 Hold
1 Sell
Moderate Buy
Current: 211.390
Low
150.00
Averages
280.35
High
335.00
Current: 211.390
Low
150.00
Averages
280.35
High
335.00
About FSLR
First Solar, Inc. is a photovoltaic (PV) solar technology and manufacturing company. It is focused on enabling power generation needs with its advanced, thin film PV technology. The Company's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The Company's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 464 watts and 532 watts, respectively.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Solar Upgraded to Buy with Price Target Raised to $260
- Upgrade Announcement: Freedom Broker analyst Dmitriy Pozdnyakov upgraded First Solar from Hold to Buy and raised the price target from $250 to $260, citing potential upside from Section 232 policy support and steady operational execution as key factors.
- Quarterly Performance: First Solar reported Q1 revenue of $1.04 billion, a 23.6% year-over-year increase, slightly below analyst expectations but in line with broader consensus, driven primarily by a 30.9% increase in module shipment volumes.
- Strong Backlog: The company ended the quarter with a backlog of 47.9 gigawatts, down from 50.1 gigawatts in the previous quarter, indicating that strong shipments have outpaced new bookings, reflecting sustained market demand.
- Improved Profitability: Operating income rose 56.1% year-over-year to $345.3 million, exceeding consensus estimates, while operating margin increased from 26.1% to 33.0%, demonstrating the company's success in cost control and margin enhancement.
See More
First Solar Reports Record Q1 Earnings, Shares Surge
- Strong Performance: First Solar (FSLR) reported a record $1.04 billion in Q1 revenues, a 24% year-over-year increase, demonstrating robust performance despite a challenging solar demand environment, which boosts market confidence.
- Net Income Growth: Q1 net income rose to $347 million from $210 million, with earnings per share reaching $3.22, reflecting the company's success in improving margins and further solidifying its market position.
- Margin Improvement: Q1 gross margins increased to 47% from 41%, driven by a 31% rise in module sales volumes to 3.8 GW, alongside $418 million in tax credits, enhancing the company's profitability.
- Future Guidance: The company reaffirmed its full-year revenue guidance of $4.9 billion to $5.2 billion, with expected module sales of 17.0 to 18.2 GW, indicating confidence in future performance despite tariff pressures.
See More
First Solar Reports Record Q1 2026 Earnings with Strong Growth
- Strong Performance: First Solar achieved record net sales of $1 billion in Q1 2026, reflecting a 24% year-over-year growth, with net income of $347 million and diluted EPS of $3.22, surpassing analyst expectations and demonstrating robust market performance.
- Order Growth: The company secured gross bookings of 1.9 gigawatts in the first quarter, with 1.4 gigawatts coming from the key U.S. utility-scale market at an average selling price of approximately $0.35 per watt, indicating sustained competitiveness in critical markets.
- Technological Advancement: The successful launch of the CuRe technology in Perrysburg is set to be replicated across Series 6 and 7 production lines by mid-2028, potentially generating up to $600 million in additional revenue, further solidifying the company's technological edge.
- Future Outlook: Despite facing uncertainties regarding policies and tariffs, the company maintains its full-year 2026 guidance, expecting sales volumes between 3.4 and 4 gigawatts and adjusted EBITDA between $400 million and $500 million for Q2, reflecting management's confidence in future performance.
See More
First Solar Q1 Earnings Beat Expectations
- Earnings Performance: First Solar reported a Q1 GAAP EPS of $3.22, exceeding expectations by $0.24, indicating strong profitability despite slightly missing revenue targets.
- Revenue Growth: The company achieved $1.04 billion in revenue for Q1, reflecting a 23.1% year-over-year increase, yet fell short of market expectations by $10 million, highlighting intensified market competition and cost pressures.
- Unchanged 2026 Guidance: First Solar maintained its 2026 sales volume guidance at 17.0GW to 18.2GW and net sales target of $4.9 billion to $5.2 billion, despite consensus expectations of $5.22 billion, demonstrating confidence in future market conditions.
- Stable Cash Flow: As of the end of Q1, the net cash balance remained unchanged at $1.7 billion to $2.3 billion, indicating effective management of capital expenditures and operating expenses, thereby enhancing the company's financial stability.
See More
SiriusXM and Zoom Options Trading Volume Surge
- SiriusXM Options Volume: As of now, SiriusXM's options trading volume has reached 65,272 contracts, equivalent to approximately 6.5 million shares, exceeding 105.9% of its average daily trading volume of 6.2 million shares over the past month, indicating strong market interest in the stock.
- High-Frequency Contracts: Within SiriusXM, the $30 strike call option has been particularly active, with 12,120 contracts traded today, representing about 1.2 million shares, suggesting investor expectations for future price increases.
- Zoom Options Activity: Meanwhile, Zoom's options trading volume stands at 42,943 contracts, representing approximately 4.3 million shares, achieving 102.2% of its average daily trading volume of 4.2 million shares over the past month, reflecting ongoing investor interest in the company.
- Zoom High-Frequency Contracts: For Zoom, the $65 strike put option has seen a trading volume of 5,003 contracts, representing around 500,300 shares, indicating a cautious market sentiment regarding its future performance.
See More
First Solar Q1 Earnings Preview Amid Market Uncertainty
- Earnings Announcement: First Solar is set to release its Q1 earnings on April 30, with consensus EPS estimated at $2.83 and revenue expected to reach $1.05 billion, reflecting a 24.3% year-over-year growth, which will be a crucial indicator amid policy uncertainties.
- Stock Price Volatility: The company's shares have declined approximately 31% this year due to U.S. policy uncertainties, including tariffs and the lack of federal incentives, which has pressured investor confidence; however, experts suggest rising fossil fuel prices could bolster solar demand.
- Market Demand Outlook: Analysts indicate that electricity demand may accelerate due to the surge in AI data centers and electric vehicle sales, positioning First Solar's domestic manufacturing footprint as a significant competitive advantage.
- Technological Advancements: First Solar is advancing its next-generation CuRe technology to enhance panel efficiency and reduce costs, and despite experiencing eight downward revisions in EPS estimates over the past three months, the company is expanding capacity to meet future market demands.
See More
First Solar Upgraded to Buy with Price Target Raised to $260
- Upgrade Announcement: Freedom Broker analyst Dmitriy Pozdnyakov upgraded First Solar from Hold to Buy and raised the price target from $250 to $260, citing potential upside from Section 232 policy support and steady operational execution as key factors.
- Quarterly Performance: First Solar reported Q1 revenue of $1.04 billion, a 23.6% year-over-year increase, slightly below analyst expectations but in line with broader consensus, driven primarily by a 30.9% increase in module shipment volumes.
- Strong Backlog: The company ended the quarter with a backlog of 47.9 gigawatts, down from 50.1 gigawatts in the previous quarter, indicating that strong shipments have outpaced new bookings, reflecting sustained market demand.
- Improved Profitability: Operating income rose 56.1% year-over-year to $345.3 million, exceeding consensus estimates, while operating margin increased from 26.1% to 33.0%, demonstrating the company's success in cost control and margin enhancement.
See More
First Solar Reports Record Q1 Earnings, Shares Surge
- Strong Performance: First Solar (FSLR) reported a record $1.04 billion in Q1 revenues, a 24% year-over-year increase, demonstrating robust performance despite a challenging solar demand environment, which boosts market confidence.
- Net Income Growth: Q1 net income rose to $347 million from $210 million, with earnings per share reaching $3.22, reflecting the company's success in improving margins and further solidifying its market position.
- Margin Improvement: Q1 gross margins increased to 47% from 41%, driven by a 31% rise in module sales volumes to 3.8 GW, alongside $418 million in tax credits, enhancing the company's profitability.
- Future Guidance: The company reaffirmed its full-year revenue guidance of $4.9 billion to $5.2 billion, with expected module sales of 17.0 to 18.2 GW, indicating confidence in future performance despite tariff pressures.
See More
First Solar Reports Record Q1 2026 Earnings with Strong Growth
- Strong Performance: First Solar achieved record net sales of $1 billion in Q1 2026, reflecting a 24% year-over-year growth, with net income of $347 million and diluted EPS of $3.22, surpassing analyst expectations and demonstrating robust market performance.
- Order Growth: The company secured gross bookings of 1.9 gigawatts in the first quarter, with 1.4 gigawatts coming from the key U.S. utility-scale market at an average selling price of approximately $0.35 per watt, indicating sustained competitiveness in critical markets.
- Technological Advancement: The successful launch of the CuRe technology in Perrysburg is set to be replicated across Series 6 and 7 production lines by mid-2028, potentially generating up to $600 million in additional revenue, further solidifying the company's technological edge.
- Future Outlook: Despite facing uncertainties regarding policies and tariffs, the company maintains its full-year 2026 guidance, expecting sales volumes between 3.4 and 4 gigawatts and adjusted EBITDA between $400 million and $500 million for Q2, reflecting management's confidence in future performance.
See More
First Solar Q1 Earnings Beat Expectations
- Earnings Performance: First Solar reported a Q1 GAAP EPS of $3.22, exceeding expectations by $0.24, indicating strong profitability despite slightly missing revenue targets.
- Revenue Growth: The company achieved $1.04 billion in revenue for Q1, reflecting a 23.1% year-over-year increase, yet fell short of market expectations by $10 million, highlighting intensified market competition and cost pressures.
- Unchanged 2026 Guidance: First Solar maintained its 2026 sales volume guidance at 17.0GW to 18.2GW and net sales target of $4.9 billion to $5.2 billion, despite consensus expectations of $5.22 billion, demonstrating confidence in future market conditions.
- Stable Cash Flow: As of the end of Q1, the net cash balance remained unchanged at $1.7 billion to $2.3 billion, indicating effective management of capital expenditures and operating expenses, thereby enhancing the company's financial stability.
See More
SiriusXM and Zoom Options Trading Volume Surge
- SiriusXM Options Volume: As of now, SiriusXM's options trading volume has reached 65,272 contracts, equivalent to approximately 6.5 million shares, exceeding 105.9% of its average daily trading volume of 6.2 million shares over the past month, indicating strong market interest in the stock.
- High-Frequency Contracts: Within SiriusXM, the $30 strike call option has been particularly active, with 12,120 contracts traded today, representing about 1.2 million shares, suggesting investor expectations for future price increases.
- Zoom Options Activity: Meanwhile, Zoom's options trading volume stands at 42,943 contracts, representing approximately 4.3 million shares, achieving 102.2% of its average daily trading volume of 4.2 million shares over the past month, reflecting ongoing investor interest in the company.
- Zoom High-Frequency Contracts: For Zoom, the $65 strike put option has seen a trading volume of 5,003 contracts, representing around 500,300 shares, indicating a cautious market sentiment regarding its future performance.
See More
First Solar Q1 Earnings Preview Amid Market Uncertainty
- Earnings Announcement: First Solar is set to release its Q1 earnings on April 30, with consensus EPS estimated at $2.83 and revenue expected to reach $1.05 billion, reflecting a 24.3% year-over-year growth, which will be a crucial indicator amid policy uncertainties.
- Stock Price Volatility: The company's shares have declined approximately 31% this year due to U.S. policy uncertainties, including tariffs and the lack of federal incentives, which has pressured investor confidence; however, experts suggest rising fossil fuel prices could bolster solar demand.
- Market Demand Outlook: Analysts indicate that electricity demand may accelerate due to the surge in AI data centers and electric vehicle sales, positioning First Solar's domestic manufacturing footprint as a significant competitive advantage.
- Technological Advancements: First Solar is advancing its next-generation CuRe technology to enhance panel efficiency and reduce costs, and despite experiencing eight downward revisions in EPS estimates over the past three months, the company is expanding capacity to meet future market demands.
See More
