U.S. Supreme Court Rules Tariffs Illegal, First Solar Benefits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 20 2026
0mins
Should l Buy FSLR?
Source: seekingalpha
- Tariff Ruling Impact: The U.S. Supreme Court's ruling against the legality of 'reciprocal' tariffs led to a 5.1% increase in First Solar's (FSLR) stock on Friday, reflecting market optimism regarding its future profitability.
- Reduced Import Costs: Analysts at Wells Fargo noted that the ruling will lower tariffs on unfinished goods imported for First Solar's U.S. finishing line, allowing the company to redirect production from India to the U.S. at higher average selling prices (ASPs), thereby enhancing profit margins.
- Industry Ripple Effects: In addition to First Solar, Wells Fargo highlighted that other clean energy firms such as Enphase Energy (ENPH), Nextpower (NXT), Shoals Technologies (SHLS), and Array Technologies (ARRY) will also benefit, with potential margin exposure of up to 300 basis points, as their shares rose by 3.4%, 3%, 2.9%, and 2.1%, respectively.
- Market Dynamics Shift: While First Solar stands to gain from the tariff ruling, Wells Fargo cautioned that broader U.S. panel prices could dip slightly, potentially pressuring ASPs, indicating the complexity and dynamic nature of market competition.
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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: 199.420
Low
150.00
Averages
280.35
High
335.00
Current: 199.420
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.
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See More
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- Tax Revenue and Charitable Commitment: Over the first 20 years, Dodson Creek is anticipated to generate approximately $21 million in new tax revenue for Highland County and local districts, while Geronimo has pledged to contribute $585,000 to local charities through a dedicated fund, further exemplifying its commitment to community responsibility.
See More
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See More
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- Service Revenue Growth: In fiscal 2025, about 45% of GE Vernova's revenue came from services, with an $85 billion services backlog, enhancing the company's earnings visibility even amid macroeconomic uncertainties, underscoring its critical role in the global power market.
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See More
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See More
