First Solar Faces Securities Fraud Claims, Stock Drops 10.29%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15 Jan 26
Source: PRnewswire
First Solar's stock price fell by 10.29% amid concerns over securities fraud claims and a rating downgrade.
The investigation by Pomerantz LLP into potential securities fraud and the downgrade from Jefferies, which cited lowered guidance and margin compression, have raised significant concerns about First Solar's future. This has led to a loss of investor confidence, further exacerbated by the potential for legal repercussions that could harm the company's reputation and financial health.
The implications of these developments are severe, as they not only affect First Solar's stock performance but also cast a shadow over the company's operational outlook, potentially limiting its growth opportunities in the competitive clean energy market.
Analyst Views on FSLR
Wall Street analysts forecast FSLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSLR is 280.35 USD with a low forecast of 150.00 USD and a high forecast of 335.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
18 Buy
4 Hold
1 Sell
Moderate Buy
Current: 224.010
Low
150.00
Averages
280.35
High
335.00
Current: 224.010
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 459 watts and 531 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.
