Expansion of Safe Harbor Agreement: Enphase Energy has expanded its safe harbor agreement with a solar financing company, enhancing third-party ownership options for U.S. homeowners and building on a previous transaction linked to the One Big Beautiful Bill Act.
Revenue Expectations: The company anticipates generating approximately $55 million in revenue from this agreement, primarily in the first quarter of 2026.
Tax Credit Protection: The safe harbor arrangement allows developers to secure eligibility for federal investment tax credits while minimizing risks associated with future policy changes, supporting both 5% safe harbor and physical work test approaches.
Future Agreements and Market Response: Enphase plans to pursue additional safe harbor agreements and saw a 2.96% increase in its stock price, reflecting positive market sentiment.
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: 243.720
Low
150.00
Averages
280.35
High
335.00
Current: 243.720
Low
150.00
Averages
280.35
High
335.00
BofA
Buy
downgrade
$291 -> $271
2026-01-22
New
Reason
BofA
Price Target
$291 -> $271
AI Analysis
2026-01-22
New
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.
RBC Capital
Outperform
maintain
$244 -> $258
2026-01-20
New
Reason
RBC Capital
Price Target
$244 -> $258
2026-01-20
New
maintain
Outperform
Reason
RBC Capital raised the firm's price target on First Solar to $258 from $244 and keeps an Outperform rating on the shares as part of a broader research note previewing Q4 for U.S. Clean Energy. The firm continue to believe there is a lot to like given a strong macro backdrop, even though valuations remain higher than they have been in some time, supported by expectations for stronger bookings and optimistic demand commentary, the analyst tells investors in a research note.
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BofA
NULL
to
Buy
maintain
$255 -> $291
2026-01-09
Reason
BofA
Price Target
$255 -> $291
2026-01-09
maintain
NULL
to
Buy
Reason
BofA raised the firm's price target on First Solar to $291 from $255 and keeps a Buy rating on the shares ahead of 2026, which the firm calls "a stock-picker's cycle, not a solar-beta cycle." The firm's top picks in U.S. Cleantech reflect execution, resilience and grid adjacency, the analyst tells investors.
Guggenheim
Buy
maintain
$289 -> $312
2026-01-08
Reason
Guggenheim
Price Target
$289 -> $312
2026-01-08
maintain
Buy
Reason
Guggenheim raised the firm's price target on First Solar to $312 from $289 and keeps a Buy rating on the shares. The potential for significantly disruptive policy and trade developments "should not be discounted," particularly with respect to Section 232 tariffs, the analyst tells investors.
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.
