First Solar (FSLR) Stock Forecast, Price Target & Predictions
FSLR Stock Forecast
First Solar stock forecast is as follows: an average price target of $221.16 (represents a -19.17% downside from FSLR’s last price of $273.61) and a rating consensus of 'Buy', based on 27 wall street analysts offering a 1-year stock forecast.
FSLR Price Target
The average price target for First Solar (FSLR) is $221.16 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $350.00 to $70.00. This represents a potential -19.17% downside from FSLR's last price of $273.61.
FSLR Analyst Ratings
According to 27 Wall Street analysts, First Solar's rating consensus is 'Buy'. The analyst rating breakdown for FSLR stock is 0 'Strong Buy' (0.00%), 25 'Buy' (92.59%), 1 'Hold' (3.70%), 1 'Sell' (3.70%), and 0 'Strong Sell' (0.00%).
First Solar Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 12, 2024 | Colin Rusch | Oppenheimer | $325.00 | $294.53 | 10.35% | 18.78% |
| Jun 11, 2024 | Ben Kallo | Robert W. Baird | $344.00 | $279.80 | 22.94% | 25.73% |
| Jun 10, 2024 | Ameet Thakkar | BMO Capital | $311.00 | $267.34 | 16.33% | 13.67% |
| Jun 03, 2024 | Brian Lee | Goldman Sachs | $302.00 | $271.76 | 11.13% | 10.38% |
| May 31, 2024 | Philip Shen | Roth Capital | $320.00 | $276.75 | 15.63% | 16.95% |
| May 30, 2024 | Maheep Mandloi | Mizuho Securities | $274.00 | $278.19 | -1.51% | 0.14% |
| May 29, 2024 | Chris Dendrinos | RBC Capital | $315.00 | $280.16 | 12.44% | 15.13% |
| May 29, 2024 | Jon Windham | UBS | $350.00 | $280.16 | 24.93% | 27.92% |
| May 21, 2024 | Kashy Harrison | Piper Sandler | $219.00 | $202.38 | 8.21% | -19.96% |
| May 21, 2024 | Jon Windham | UBS | $270.00 | $196.34 | 37.52% | -1.32% |
The latest First Solar stock forecast, released on Jun 12, 2024 by Colin Rusch from Oppenheimer, set a price target of $325.00, which represents a 10.35% increase from the stock price at the time of the forecast ($294.53), and a 18.78% increase from FSLR last price ($273.61).
First Solar Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 10 | 19 | 32 |
| Avg Price Target | $303.00 | $274.58 | $254.50 |
| Last Closing Price | $273.61 | $273.61 | $273.61 |
| Upside/Downside | 10.74% | 0.35% | -6.98% |
In the current month, the average price target of First Solar stock is $303.00, according to 10 Wall Street analysts offering twelve months forecast. The average price target represents a 10.74% increase as opposed to First Solar's last price of $273.61. This month's average price target is up 10.35% compared to last quarter, and up 19.06% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jun 12, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jun 10, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jun 04, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jun 03, 2024 | Goldman Sachs | Buy | Buy | Hold |
| May 29, 2024 | RBC Capital | Outperform | Outperform | Hold |
| May 29, 2024 | UBS | Buy | Buy | Hold |
| May 21, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| May 20, 2024 | Citigroup | Neutral | Neutral | Hold |
| May 15, 2024 | UBS | Underperform | Underperform | Hold |
| May 15, 2024 | Wells Fargo | Buy | Buy | Hold |
First Solar's last stock rating was published by Oppenheimer on Jun 12, 2024. The company gave FSLR a "Outperform" rating, the same as its previous rate.
First Solar Financial Forecast
First Solar Revenue Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.16B | - | - | $548.29M | $1.00B | - | - | $367.04M | $907.32M | $583.50M | $629.18M | $803.37M | $609.23M | $927.57M | $642.41M | $532.12M | $1.40B | $546.81M |
| Avg Forecast | $2.08B | $1.79B | $1.56B | $1.24B | $1.72B | $1.43B | $1.29B | $1.14B | $1.52B | $1.25B | $962.31M | $720.30M | $1.31B | $904.11M | $722.22M | $713.80M | $1.00B | $727.18M | $614.09M | $588.73M | $917.69M | $687.21M | $611.16M | $776.53M | $715.27M | $717.30M | $478.12M | $550.09M | $1.74B | $1.03B |
| High Forecast | $2.67B | $2.30B | $2.01B | $1.60B | $2.22B | $1.84B | $1.67B | $1.47B | $1.96B | $1.62B | $1.11B | $928.32M | $1.38B | $1.17B | $930.80M | $919.95M | $1.29B | $937.18M | $791.43M | $678.88M | $1.06B | $792.44M | $704.74M | $895.44M | $824.80M | $827.14M | $551.33M | $634.32M | $2.00B | $1.19B |
| Low Forecast | $1.72B | $1.48B | $1.29B | $1.03B | $1.43B | $1.19B | $1.07B | $948.71M | $1.26B | $1.04B | $758.70M | $597.38M | $1.21B | $749.82M | $598.98M | $591.99M | $833.21M | $603.08M | $509.29M | $517.15M | $806.12M | $603.65M | $536.85M | $682.12M | $628.30M | $630.09M | $419.99M | $483.20M | $1.53B | $904.28M |
| # Analysts | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 20 | 10 | 21 | 13 | 10 | 10 | 14 | 9 | 9 | 11 | 9 | 9 | 14 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | - | - | 0.77% | 1.00% | - | - | 0.62% | 0.99% | 0.85% | 1.03% | 1.03% | 0.85% | 1.29% | 1.34% | 0.97% | 0.81% | 0.53% |
First Solar's average Quarter revenue forecast for Mar 24 based on 10 analysts is $720.30M, with a low forecast of $597.38M, and a high forecast of $928.32M. FSLR's average Quarter revenue forecast represents a -37.83% decrease compared to the company's last Quarter revenue of $1.16B (Dec 23).
First Solar EBITDA Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 20 | 10 | 21 | 13 | 10 | 10 | 14 | 9 | 9 | 11 | 9 | 9 | 14 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $397.78M | - | - | $111.24M | $695.00K | - | - | $-57.60M | $234.99M | $114.69M | $173.13M | $322.36M | $111.97M | $263.52M | $107.98M | $64.56M | $-31.72M | $101.79M |
| Avg Forecast | $316.18M | $272.38M | $237.83M | $188.57M | $262.32M | $217.71M | $197.26M | $174.28M | $231.35M | $190.94M | $146.61M | $-98.12M | $200.22M | $137.75M | $110.03M | $-77.56M | $153.06M | $110.79M | $93.56M | $-61.31M | $139.82M | $152.92M | $124.07M | $354.60M | $201.55M | $109.30M | $56.80M | $74.12M | $-39.88M | $160.12M |
| High Forecast | $407.49M | $351.05M | $306.51M | $243.03M | $338.08M | $280.59M | $254.22M | $224.62M | $298.16M | $246.08M | $169.84M | $-78.49M | $210.92M | $177.53M | $141.81M | $-62.05M | $197.27M | $142.79M | $120.58M | $-49.05M | $161.23M | $183.51M | $148.89M | $425.52M | $241.86M | $131.16M | $68.17M | $88.95M | $-31.91M | $192.14M |
| Low Forecast | $262.22M | $225.90M | $197.24M | $156.39M | $217.56M | $180.56M | $163.59M | $144.54M | $191.87M | $158.35M | $115.59M | $-117.74M | $184.94M | $114.24M | $91.26M | $-93.08M | $126.94M | $91.88M | $77.59M | $-73.58M | $122.82M | $122.34M | $99.26M | $283.68M | $161.24M | $87.44M | $45.44M | $59.30M | $-47.86M | $128.09M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.99% | - | - | -1.43% | 0.00% | - | - | 0.94% | 1.68% | 0.75% | 1.40% | 0.91% | 0.56% | 2.41% | 1.90% | 0.87% | 0.80% | 0.64% |
10 analysts predict FSLR's average Quarter EBITDA for Mar 24 to be $-98.12M, with a high of $-78.49M and a low of $-117.74M. This is -124.67% lower than First Solar's previous annual EBITDA (Dec 23) of $397.78M.
First Solar Net Income Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 20 | 10 | 21 | 13 | 10 | 10 | 14 | 9 | 9 | 11 | 9 | 9 | 14 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $349.24M | - | - | $42.56M | $-7.55M | - | - | $-43.26M | $131.37M | $45.20M | $82.45M | $209.67M | $115.70M | $155.04M | $36.91M | $90.70M | $-59.41M | $30.62M |
| Avg Forecast | $987.16M | $876.48M | $779.39M | $664.11M | $726.11M | $592.99M | $518.36M | $438.35M | $508.26M | $414.76M | $291.74M | $-70.87M | $336.92M | $219.37M | $106.69M | $-56.02M | $-18.18M | $-26.90M | $390.63M | $-44.28M | $115.43M | $60.27M | $59.09M | $230.64M | $130.63M | $64.30M | $19.42M | $104.14M | $-74.70M | $48.17M |
| High Forecast | $1.36B | $1.21B | $1.07B | $913.44M | $998.72M | $815.62M | $712.98M | $602.92M | $699.09M | $570.48M | $364.93M | $-56.69M | $366.49M | $301.72M | $146.75M | $-44.82M | $-14.15M | $-20.93M | $468.76M | $-35.43M | $138.41M | $72.32M | $70.91M | $276.77M | $156.76M | $77.16M | $23.30M | $124.97M | $-59.76M | $57.80M |
| Low Forecast | $768.16M | $682.03M | $606.48M | $516.78M | $565.03M | $461.44M | $403.37M | $341.10M | $395.51M | $322.75M | $206.53M | $-85.04M | $317.90M | $170.70M | $83.02M | $-67.22M | $-25.01M | $-36.99M | $312.51M | $-53.14M | $97.19M | $48.22M | $47.27M | $184.51M | $104.51M | $51.44M | $15.53M | $83.31M | $-89.64M | $38.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | - | - | -0.76% | 0.42% | - | - | 0.98% | 1.14% | 0.75% | 1.40% | 0.91% | 0.89% | 2.41% | 1.90% | 0.87% | 0.80% | 0.64% |
First Solar's average Quarter net income forecast for Mar 24 is $-70.87M, with a range of $-85.04M to $-56.69M. FSLR's average Quarter net income forecast represents a -120.29% decrease compared to the company's last Quarter net income of $349.24M (Dec 23).
First Solar SG&A Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 20 | 10 | 21 | 13 | 10 | 10 | 14 | 9 | 9 | 11 | 9 | 9 | 14 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $57.09M | - | - | $44.03M | $42.73M | - | - | $36.73M | $38.41M | $43.48M | $36.35M | $52.09M | $62.70M | $49.86M | $51.77M | $58.59M | $55.64M | $53.54M |
| Avg Forecast | $136.97M | $117.99M | $103.02M | $81.69M | $113.64M | $94.31M | $85.45M | $75.50M | $100.22M | $82.71M | $63.51M | $60.17M | $86.73M | $59.67M | $47.67M | $47.57M | $66.31M | $47.99M | $272.26M | $37.60M | $60.57M | $57.97M | $26.05M | $57.30M | $70.79M | $20.68M | $27.24M | $67.27M | $69.96M | $84.22M |
| High Forecast | $176.52M | $152.07M | $132.78M | $105.28M | $146.45M | $121.55M | $110.13M | $97.30M | $129.16M | $106.60M | $73.57M | $72.21M | $91.37M | $76.90M | $61.43M | $57.08M | $85.46M | $61.85M | $326.71M | $45.12M | $69.84M | $69.56M | $31.26M | $68.75M | $84.95M | $24.82M | $32.68M | $80.72M | $83.96M | $101.07M |
| Low Forecast | $113.59M | $97.86M | $85.44M | $67.75M | $94.24M | $78.22M | $70.87M | $62.61M | $83.11M | $68.60M | $50.07M | $48.14M | $80.11M | $49.49M | $39.53M | $38.05M | $54.99M | $39.80M | $217.81M | $30.08M | $53.20M | $46.37M | $20.84M | $45.84M | $56.63M | $16.54M | $21.79M | $53.81M | $55.97M | $67.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | - | - | 0.93% | 0.64% | - | - | 0.98% | 0.63% | 0.75% | 1.40% | 0.91% | 0.89% | 2.41% | 1.90% | 0.87% | 0.80% | 0.64% |
First Solar's average Quarter SG&A projection for Mar 24 is $60.17M, based on 10 Wall Street analysts, with a range of $48.14M to $72.21M. The forecast indicates a 5.39% rise compared to FSLR last annual SG&A of $57.09M (Dec 23).
First Solar EPS Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 | 20 | 10 | 21 | 13 | 10 | 10 | 14 | 9 | 9 | 11 | 9 | 9 | 14 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.25 | - | - | $0.40 | $-0.07 | - | - | $-0.41 | $1.24 | $0.43 | $0.78 | $1.98 | $1.09 | $1.46 | $0.35 | $0.86 | $-0.56 | $0.29 |
| Avg Forecast | $9.19 | $8.16 | $7.26 | $6.18 | $6.76 | $5.52 | $4.83 | $4.08 | $4.73 | $3.86 | $2.72 | $2.00 | $3.14 | $2.04 | $0.99 | $0.99 | $-0.17 | $-0.25 | $-0.36 | $-0.43 | $1.07 | $0.60 | $0.53 | $1.14 | $1.27 | $0.87 | $0.28 | $0.28 | $2.80 | $1.07 |
| High Forecast | $12.64 | $11.22 | $9.98 | $8.50 | $9.30 | $7.59 | $6.64 | $5.61 | $6.51 | $5.31 | $3.40 | $2.75 | $3.41 | $2.81 | $1.37 | $1.36 | $-0.13 | $-0.19 | $-0.28 | $-0.36 | $1.29 | $0.72 | $0.63 | $1.37 | $1.52 | $1.04 | $0.34 | $0.33 | $3.36 | $1.28 |
| Low Forecast | $7.15 | $6.35 | $5.65 | $4.81 | $5.26 | $4.30 | $3.76 | $3.18 | $3.68 | $3.00 | $1.92 | $1.55 | $2.96 | $1.59 | $0.77 | $0.77 | $-0.23 | $-0.34 | $-0.50 | $-0.51 | $0.90 | $0.50 | $0.44 | $0.96 | $1.07 | $0.73 | $0.24 | $0.23 | $2.36 | $0.90 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | - | - | 0.40% | 0.42% | - | - | 0.96% | 1.16% | 0.72% | 1.48% | 1.74% | 0.86% | 1.69% | 1.25% | 3.08% | -0.20% | 0.27% |
According to 10 Wall Street analysts, First Solar's projected average Quarter EPS for Mar 24 is $2.00, with a low estimate of $1.55 and a high estimate of $2.75. This represents a -38.54% decrease compared to FSLR previous annual EPS of $3.25 (Dec 23).
First Solar Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SPWR | SunPower | $2.80 | $17.50 | 525.00% | Hold |
| SEDG | SolarEdge | $39.86 | $232.38 | 482.99% | Buy |
| NOVA | Sunnova Energy | $5.33 | $26.52 | 397.56% | Buy |
| RUN | Sunrun | $13.26 | $41.64 | 214.03% | Buy |
| MAXN | Maxeon Solar | $1.36 | $3.75 | 175.74% | Sell |
| ENPH | Enphase Energy | $124.61 | $216.17 | 73.48% | Buy |
| JKS | JinkoSolar | $23.61 | $38.75 | 64.13% | Hold |
| CSIQ | Canadian Solar | $17.04 | $24.00 | 40.85% | Buy |
| FSLR | First Solar | $273.61 | $221.16 | -19.17% | Buy |
FSLR Forecast FAQ
Is First Solar a good buy?
Yes, according to 27 Wall Street analysts, First Solar (FSLR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 25 'Buy' recommendations, accounting for 92.59% of FSLR's total ratings.
What is FSLR's price target?
First Solar (FSLR) average price target is $221.16 with a range of $70 to $350, implying a -19.17% from its last price of $273.61. The data is based on 27 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will First Solar stock go up soon?
According to Wall Street analysts' prediction for FSLR stock, the company can go down by -19.17% (from the last price of $273.61 to the average price target of $221.16), up by 27.92% based on the highest stock price target, and down by -74.42% based on the lowest stock price target.
Can First Solar stock reach $400?
FSLR's average twelve months analyst stock price target of $221.16 does not support the claim that First Solar can reach $400 in the near future.
What is First Solar's current price target trend?
10 Wall Street analysts forecast a $303 price target for First Solar (FSLR) this month, up 10.74% from its last price of $273.61. Compared to the last 3 and 12 months, the average price target increased by 0.35% and decreased by -6.98%, respectively.
What are First Solar's analysts' financial forecasts?
First Solar's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.59B (high $7.2B, low $4.64B), average EBITDA is $851.58M (high $1.1B, low $706.26M), average net income is $2.28B (high $3.13B, low $1.77B), average SG&A $368.9M (high $475.43M, low $305.94M), and average EPS is $21.19 (high $29.14, low $16.49). FSLR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $6.66B (high $8.59B, low $5.52B), average EBITDA is $1.01B (high $1.31B, low $841.75M), average net income is $3.31B (high $4.55B, low $2.57B), average SG&A $439.67M (high $566.65M, low $364.64M), and average EPS is $30.79 (high $42.35, low $23.96).
Did the FSLR's actual financial results beat the analysts' financial forecasts?
Based on First Solar's last annual report (Dec 2023), the company's revenue was $3.32B, which missed the average analysts forecast of $3.65B by -9.19%. Apple's EBITDA was $857.27M, beating the average prediction of $370.44M by 131.42%. The company's net income was $830.78M, beating the average estimation of $606.95M by 36.88%. Apple's SG&A was $197.62M, missing the average forecast of $241.64M by -18.22%. Lastly, the company's EPS was $7.74, beating the average prediction of $7.16 by 8.08%. In terms of the last quarterly report (Dec 2023), First Solar's revenue was $1.16B, missing the average analysts' forecast of $1.31B by -11.84%. The company's EBITDA was $397.78M, beating the average prediction of $200.22M by 98.67%. First Solar's net income was $349.24M, beating the average estimation of $336.92M by 3.66%. The company's SG&A was $57.09M, missing the average forecast of $86.73M by -34.17%. Lastly, the company's EPS was $3.25, beating the average prediction of $3.14 by 3.61%