First Solar (FSLR) Stock Forecast, Price Target & Predictions

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FSLR Stock Forecast

First Solar stock forecast is as follows: an average price target of $239.46 (represents a 31.61% upside from FSLR’s last price of $181.95) and a rating consensus of 'Buy', based on 32 wall street analysts offering a 1-year stock forecast.

FSLR Price Target

The average price target for First Solar (FSLR) is $239.46 based on 1-year price targets from 32 Wall Street analysts in the past 3 months, with a price target range of $350.00 to $90.00. This represents a potential 31.61% upside from FSLR's last price of $181.95.

FSLR Analyst Ratings

Buy

According to 32 Wall Street analysts, First Solar's rating consensus is 'Buy'. The analyst rating breakdown for FSLR stock is 0 'Strong Buy' (0.00%), 27 'Buy' (84.38%), 3 'Hold' (9.38%), 2 'Sell' (6.25%), 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
Oct 30, 2024	Christopher Dendrinos	RBC Capital	-	-	41.75%	53.89%
Oct 30, 2024	Ameet Thakkar	BMO Capital	-	-	31.65%	42.90%
Oct 30, 2024	Kashy Harrison	Piper Sandler	-	-	30.59%	34.65%
Oct 30, 2024	Biju Perincheril	Susquehanna	-	-	33.71%	38.50%
Oct 30, 2024	Maheep Mandloi	Mizuho Securities	-	-	37.64%	41.25%
Oct 30, 2024	Brian Lee	Goldman Sachs	-	-	39.73%	53.34%
Oct 30, 2024	Dimple Gosal	Bank of America Securities	-	-	34.72%	47.84%
Oct 30, 2024	Sean Morgan	Evercore ISI	-	-	39.23%	52.79%
Oct 29, 2024	Sean Milligan	Janney Montgomery	-	-	27.69%	42.90%
Oct 22, 2024	Vikram Bagri	Citigroup	-	-	29.43%	39.60%

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The latest First Solar stock forecast, released on Oct 30, 2024 by Christopher Dendrinos from RBC Capital, set a price target of $280.00, which represents a 41.75% increase from the stock price at the time of the forecast ($197.53), and a 53.89% increase from FSLR last price ($181.95).

First Solar Price Target by Period

	1M	3M	12M
# Anlaysts	10	13	45
Avg Price Target	$263.40	$268.08	$268.47
Last Closing Price	$181.95	$181.95	$181.95
Upside/Downside	44.77%	47.34%	47.55%

In the current month, the average price target of First Solar stock is $263.40, according to 10 Wall Street analysts offering twelve months forecast. The average price target represents a 44.77% increase as opposed to First Solar's last price of $181.95. This month's average price target is down -1.75% compared to last quarter, and down -1.89% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 30, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 30, 2024	BMO Capital	Outperform	Outperform	Hold
Oct 30, 2024	Piper Sandler	Overweight	Overweight	Hold
Oct 30, 2024	Susquehanna	Positive	Positive	Hold
Oct 30, 2024	Goldman Sachs	Buy	Buy	Hold
Oct 30, 2024	Bank of America Securities	Buy	Buy	Hold
Oct 30, 2024	Evercore ISI	Outperform	Outperform	Hold
Oct 29, 2024	Janney Montgomery	Neutral	Buy	Upgrade
Oct 21, 2024	Citigroup	Neutral	Buy	Upgrade
Oct 10, 2024	UBS	Buy	Buy	Hold

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First Solar's last stock rating was published by RBC Capital on Oct 30, 2024. The company gave FSLR a "Outperform" rating, the same as its previous rate.

First Solar Financial Forecast

First Solar Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.16B	$801.09M	$810.67M	$548.29M	$1.00B	$628.93M	$620.96M	$367.04M	$907.32M	$583.50M
Avg Forecast	$2.85B	$2.35B	$2.28B	$1.68B	$2.15B	$1.81B	$1.80B	$1.54B	$2.09B	$1.68B	$1.62B	$1.31B	$1.70B	$1.40B	$1.32B	$1.15B	$1.50B	$1.06B	$939.71M	$720.30M	$1.31B	$904.11M	$722.22M	$713.80M	$1.00B	$727.18M	$614.09M	$588.73M	$917.69M	$687.21M
High Forecast	$3.27B	$2.69B	$2.61B	$1.92B	$2.46B	$2.07B	$2.06B	$1.76B	$2.39B	$1.92B	$1.85B	$1.49B	$1.94B	$1.61B	$1.51B	$1.42B	$1.64B	$1.10B	$939.71M	$721.35M	$1.38B	$904.11M	$826.56M	$816.92M	$1.15B	$727.18M	$614.09M	$588.73M	$917.69M	$687.21M
Low Forecast	$2.44B	$2.01B	$1.94B	$1.43B	$1.83B	$1.54B	$1.53B	$1.31B	$1.78B	$1.43B	$1.38B	$1.11B	$1.45B	$1.20B	$1.12B	$866.27M	$1.43B	$1.03B	$939.71M	$719.25M	$1.21B	$904.11M	$616.02M	$608.84M	$856.92M	$727.18M	$614.09M	$588.73M	$917.69M	$687.21M
# Analysts	12	7	7	8	13	8	8	9	13	8	8	9	12	7	7	16	20	10	10	10	21	12	10	10	13	9	9	16	10	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.88%	0.89%	1.12%	0.77%	1.00%	0.86%	1.01%	0.62%	0.99%	0.85%

First Solar's average Quarter revenue forecast for Mar 24 based on 10 analysts is $720.30M, with a low forecast of $719.25M, and a high forecast of $721.35M. 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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	12	7	7	8	13	8	8	9	13	8	8	9	12	7	7	16	20	10	10	10	21	12	10	10	13	9	9	16	10	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$397.78M	$272.96M	$168.51M	$111.24M	$695.00K	$-59.81M	$-99.56M	$-57.60M	$234.99M	$114.69M
Avg Forecast	$492.41M	$405.83M	$393.06M	$290.10M	$370.26M	$311.44M	$309.81M	$265.87M	$359.69M	$290.00M	$278.71M	$225.28M	$292.58M	$242.21M	$226.88M	$198.97M	$257.99M	$183.23M	$162.07M	$-98.12M	$226.66M	$155.93M	$124.56M	$-77.56M	$221.71M	$110.79M	$93.56M	$-61.31M	$139.82M	$104.70M
High Forecast	$563.55M	$464.46M	$449.85M	$332.01M	$423.75M	$356.43M	$354.57M	$304.28M	$411.66M	$331.90M	$318.98M	$257.83M	$334.84M	$277.20M	$259.65M	$244.19M	$282.39M	$189.18M	$162.07M	$-78.49M	$238.77M	$155.93M	$142.56M	$-62.05M	$266.05M	$110.79M	$93.56M	$-49.05M	$139.82M	$104.70M
Low Forecast	$420.00M	$346.15M	$335.26M	$247.44M	$315.81M	$265.64M	$264.26M	$226.77M	$306.80M	$247.36M	$237.73M	$192.16M	$249.55M	$206.59M	$193.51M	$149.41M	$245.78M	$177.28M	$162.07M	$-117.74M	$209.36M	$155.93M	$106.25M	$-93.08M	$177.37M	$110.79M	$93.56M	$-73.58M	$139.82M	$104.70M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.75%	1.75%	1.35%	-1.43%	0.00%	-0.54%	-1.06%	0.94%	1.68%	1.10%

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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	12	7	7	8	13	8	8	9	13	8	8	9	12	7	7	16	20	10	10	10	21	12	10	10	13	9	9	16	10	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$349.24M	$268.40M	$170.58M	$42.56M	$-7.55M	$-49.17M	$55.80M	$-43.26M	$131.37M	$45.20M
Avg Forecast	-	-	-	-	$928.70M	$831.12M	$790.35M	$715.73M	$926.70M	$803.96M	$752.90M	$629.17M	$691.26M	$572.31M	$521.27M	$443.87M	$517.91M	$339.10M	$290.89M	$-70.87M	$337.40M	$219.68M	$106.85M	$-56.02M	$143.70M	$-26.93M	$-38.86M	$-44.28M	$115.40M	$64.29M
High Forecast	-	-	-	-	$1.10B	$987.22M	$938.79M	$850.14M	$1.10B	$954.96M	$894.30M	$747.34M	$821.08M	$679.79M	$619.17M	$533.33M	$559.09M	$350.41M	$291.08M	$-56.69M	$367.02M	$219.82M	$126.91M	$-44.82M	$172.43M	$-26.93M	$-38.86M	$-35.43M	$115.40M	$64.29M
Low Forecast	-	-	-	-	$751.16M	$672.24M	$639.27M	$578.90M	$749.54M	$650.27M	$608.97M	$508.89M	$559.11M	$462.90M	$421.62M	$354.41M	$463.74M	$327.78M	$290.70M	$-85.04M	$318.36M	$219.54M	$86.42M	$-67.22M	$114.96M	$-26.93M	$-38.86M	$-53.14M	$115.40M	$64.29M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	1.22%	1.60%	-0.76%	-0.05%	1.83%	-1.44%	0.98%	1.14%	0.70%

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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	12	7	7	8	13	8	8	9	13	8	8	9	12	7	7	16	20	10	10	10	21	12	10	10	13	9	9	16	10	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$57.09M	$50.17M	$46.33M	$44.03M	$42.73M	$46.37M	$38.89M	$36.73M	$38.41M	$43.48M
Avg Forecast	$188.43M	$155.30M	$150.41M	$111.01M	$141.68M	$119.18M	$118.55M	$101.74M	$137.64M	$110.97M	$106.65M	$86.21M	$111.96M	$92.68M	$86.82M	$76.14M	$98.72M	$70.11M	$62.02M	$60.17M	$86.73M	$59.67M	$47.67M	$47.57M	$77.87M	$47.99M	$40.53M	$37.60M	$60.57M	$45.35M
High Forecast	$215.65M	$177.73M	$172.14M	$127.05M	$162.15M	$136.39M	$135.68M	$116.44M	$157.53M	$127.01M	$122.06M	$98.66M	$128.13M	$106.07M	$99.36M	$93.44M	$108.06M	$72.39M	$62.02M	$72.21M	$91.37M	$59.67M	$54.55M	$57.08M	$93.44M	$47.99M	$40.53M	$45.12M	$60.57M	$45.35M
Low Forecast	$160.72M	$132.46M	$128.29M	$94.69M	$120.85M	$101.65M	$101.12M	$86.78M	$117.40M	$94.66M	$90.97M	$73.53M	$95.49M	$79.06M	$74.05M	$57.17M	$94.05M	$67.84M	$62.02M	$48.14M	$80.11M	$59.67M	$40.66M	$38.05M	$62.30M	$47.99M	$40.53M	$30.08M	$60.57M	$45.35M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.66%	0.84%	0.97%	0.93%	0.55%	0.97%	0.96%	0.98%	0.63%	0.96%

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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	12	7	7	8	13	8	8	9	13	8	8	9	12	7	7	16	20	10	10	10	21	12	10	10	13	9	9	16	10	10
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.25	$2.51	$1.60	$0.40	$-0.07	$-0.46	$0.52	$-0.41	$1.24	$0.43
Avg Forecast	-	-	-	-	$8.63	$7.73	$7.35	$6.65	$8.62	$7.47	$7.00	$5.85	$6.43	$5.32	$4.85	$4.13	$4.82	$3.15	$2.70	$2.00	$3.14	$2.04	$0.99	$0.99	$-0.17	$-0.25	$-0.36	$-0.43	$1.07	$0.60
High Forecast	-	-	-	-	$10.26	$9.18	$8.73	$7.90	$10.23	$8.88	$8.31	$6.95	$7.63	$6.32	$5.76	$4.96	$5.20	$3.26	$2.71	$2.00	$3.41	$2.04	$1.18	$1.17	$-0.14	$-0.25	$-0.36	$-0.43	$1.07	$0.60
Low Forecast	-	-	-	-	$6.98	$6.25	$5.94	$5.38	$6.97	$6.05	$5.66	$4.73	$5.20	$4.30	$3.92	$3.29	$4.31	$3.05	$2.70	$2.00	$2.96	$2.04	$0.80	$0.80	$-0.20	$-0.25	$-0.36	$-0.43	$1.07	$0.60
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	1.23%	1.61%	0.40%	0.42%	1.84%	-1.44%	0.96%	1.16%	0.72%

According to 10 Wall Street analysts, First Solar's projected average Quarter EPS for Mar 24 is $2.00, with a low estimate of $2.00 and a high estimate of $2.00. 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	-	-	14483.33%	Hold
SEDG	SolarEdge	-	-	1363.19%	Hold
NOVA	Sunnova Energy	-	-	378.49%	Buy
RUN	Sunrun	-	-	232.58%	Buy
ENPH	Enphase Energy	-	-	163.66%	Buy
CSIQ	Canadian Solar	-	-	72.57%	Sell
FSLR	First Solar	-	-	31.61%	Buy
JKS	JinkoSolar	-	-	9.83%	Sell
MAXN	Maxeon Solar	-	-	-54.27%	Sell

FSLR Forecast FAQ

Is First Solar a good buy?

Yes, according to 32 Wall Street analysts, First Solar (FSLR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 27 'Buy' recommendations, accounting for 84.38% of FSLR's total ratings.

What is FSLR's price target?

First Solar (FSLR) average price target is $239.46 with a range of $90 to $350, implying a 31.61% from its last price of $181.95. The data is based on 32 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 up by 31.61% (from the last price of $181.95 to the average price target of $239.46), up by 92.36% based on the highest stock price target, and down by -50.54% based on the lowest stock price target.

Can First Solar stock reach $300?

FSLR's highest twelve months analyst stock price target of $350 supports the claim that First Solar can reach $300 in the near future.

What is First Solar's current price target trend?

10 Wall Street analysts forecast a $263.4 price target for First Solar (FSLR) this month, up 44.77% from its last price of $181.95. Compared to the last 3 and 12 months, the average price target increased by 47.34% and increased by 47.55%, respectively.

What are First Solar's analysts' financial forecasts?

First Solar's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $7.29B (high $8.34B, low $6.22B), average EBITDA is $1.26B (high $1.44B, low $1.07B), average net income is $3.27B (high $3.88B, low $2.64B), average SG&A $481.15M (high $550.67M, low $410.4M), and average EPS is $30.36 (high $36.07, low $24.56). FSLR's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $9.17B (high $10.49B, low $7.82B), average EBITDA is $1.58B (high $1.81B, low $1.35B), average net income is $0 (high $0, low $0), average SG&A $605.15M (high $692.57M, low $516.16M), and average EPS is $0 (high $0, low $0).

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 $429.59M by 99.55%. The company's net income was $830.78M, beating the average estimation of $607.91M by 36.66%. 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 $226.66M by 75.50%. First Solar's net income was $349.24M, beating the average estimation of $337.4M by 3.51%. 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%