First Solar Inc (FSLR) experienced a price decline of 6.88%, hitting a 5-day low amid mixed market conditions, with the Nasdaq-100 down 0.06% and the S&P 500 up 0.06%.
The drop in FSLR's stock price is attributed to a significant increase in options trading volume, with 1.5 million shares traded today, indicating heightened market interest and potential investor expectations of downward price movement. This surge in options activity, particularly in put options, suggests a cautious sentiment among investors regarding the stock's near-term performance, despite the overall mixed market backdrop.
This situation reflects a broader trend where increased options trading can signal shifts in investor sentiment, potentially leading to further volatility in FSLR's stock price as market participants react to the heightened activity.
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
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.
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
BMO Capital
Outperform -> Market Perform
downgrade
$263
2026-01-29
New
Reason
BMO Capital
Price Target
$263
AI Analysis
2026-01-29
New
downgrade
Outperform -> Market Perform
Reason
BMO Capital downgraded First Solar to Market Perform from Outperform with a $263 price target.
BMO Capital
Outperform -> Market Perform
downgrade
$285 -> $263
2026-01-29
New
Reason
BMO Capital
Price Target
$285 -> $263
2026-01-29
New
downgrade
Outperform -> Market Perform
Reason
BMO Capital downgraded First Solar (FSLR) to Market Perform from Outperform with a price target of $263, down from $285. The firm "initially dismissed as aspirational" Tesla (TSLA) CEO Elon Musk's remarks last week about potentially building a significant vertically integrated solar photovoltaic modules manufacturing base to self-generate. However, Musk's remarks during Tesla's earnings call suggest "this is likely to become a bona fide effort" in the next few quarters, the analyst tells investors in a research note. BMO believes Tesla's efforts could be an overhang on First Solar shares "for some time" and weigh on investor sentiment. The stock in premarket trading is down 3%, or $6.71, to $242.70.
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Citi
Strong Buy
to
Buy
downgrade
2026-01-22
Reason
Citi
Price Target
2026-01-22
downgrade
Strong Buy
to
Buy
Reason
Citi replaced First Solar (FSLR) with Generac (GNRC) as the firm's top renewables pick heading into the Q4 reports. NuScale Power (SMR) is Citi's least preferred name. The firm expects Generac to beat estimates and upped its outlook amid "multiple positive catalysts," which include its datacenter backlog, quantifying capacity expansion and the winter storms. The analyst believes First Solar could guide below consensus estimates for 2026 due to lower volumes and higher costs.
BofA
Buy
downgrade
$291 -> $271
2026-01-22
Reason
BofA
Price Target
$291 -> $271
2026-01-22
downgrade
Buy
Reason
BofA lowered the firm's price target on First Solar to $271 from $291 and keeps a Buy rating on the shares as part of the firm's Q4 preview for its U.S. cleantech coverage.
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.
