First Solar (FSLR) Stock Forecast, Price Target & Predictions
FSLR Stock Forecast
First Solar stock forecast is as follows: an average price target of $239.46 (represents a 23.54% upside from FSLR’s last price of $193.83) 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 23.54% upside from FSLR's last price of $193.83.
FSLR Analyst Ratings
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 | $280.00 | $197.53 | 41.75% | 44.46% |
| Oct 30, 2024 | Ameet Thakkar | BMO Capital | $260.00 | $197.50 | 31.65% | 34.14% |
| Oct 30, 2024 | Kashy Harrison | Piper Sandler | $245.00 | $187.61 | 30.59% | 26.40% |
| Oct 30, 2024 | Biju Perincheril | Susquehanna | $252.00 | $188.47 | 33.71% | 30.01% |
| Oct 30, 2024 | Maheep Mandloi | Mizuho Securities | $257.00 | $186.72 | 37.64% | 32.59% |
| Oct 30, 2024 | Brian Lee | Goldman Sachs | $279.00 | $199.67 | 39.73% | 43.94% |
| Oct 30, 2024 | Dimple Gosal | Bank of America Securities | $269.00 | $199.67 | 34.72% | 38.78% |
| Oct 30, 2024 | Sean Morgan | Evercore ISI | $278.00 | $199.67 | 39.23% | 43.42% |
| Oct 29, 2024 | Sean Milligan | Janney Montgomery | $260.00 | $203.62 | 27.69% | 34.14% |
| Oct 22, 2024 | Vikram Bagri | Citigroup | $254.00 | $196.25 | 29.43% | 31.04% |
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 44.46% increase from FSLR last price ($193.83).
First Solar Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 11 | 13 | 45 |
| Avg Price Target | $264.91 | $268.08 | $268.47 |
| Last Closing Price | $193.83 | $193.83 | $193.83 |
| Upside/Downside | 36.67% | 38.31% | 38.51% |
In the current month, the average price target of First Solar stock is $264.91, according to 11 Wall Street analysts offering twelve months forecast. The average price target represents a 36.67% increase as opposed to First Solar's last price of $193.83. This month's average price target is down -1.18% compared to last quarter, and down -1.33% 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 |
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 | $2.05B | $1.76B | $2.39B | $1.92B | $1.85B | $1.49B | $1.94B | $1.61B | $1.50B | $1.42B | $1.64B | $1.10B | $939.71M | $721.35M | $1.38B | $904.11M | $826.10M | $816.47M | $1.15B | $727.18M | $614.09M | $588.73M | $917.69M | $687.21M |
| Low Forecast | $2.44B | $2.01B | $1.95B | $1.44B | $1.83B | $1.54B | $1.53B | $1.32B | $1.78B | $1.44B | $1.38B | $1.11B | $1.45B | $1.20B | $1.12B | $866.27M | $1.43B | $1.03B | $939.71M | $719.25M | $1.21B | $904.11M | $616.44M | $609.25M | $857.51M | $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 | 19 | 9 | 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 | 19 | 9 | 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 | $434.97M | $358.49M | $347.22M | $256.26M | $327.07M | $275.11M | $273.68M | $234.86M | $317.74M | $256.18M | $246.20M | $199.01M | $258.45M | $213.96M | $200.41M | $175.76M | $227.89M | $161.86M | $143.17M | $-98.12M | $200.22M | $137.75M | $110.03M | $-77.56M | $221.71M | $110.79M | $93.56M | $-61.31M | $139.82M | $104.70M |
| High Forecast | $497.54M | $410.06M | $397.16M | $293.12M | $374.11M | $314.68M | $313.04M | $268.64M | $363.44M | $293.03M | $281.62M | $227.63M | $295.62M | $244.73M | $229.24M | $215.71M | $249.45M | $167.11M | $143.17M | $-78.49M | $210.92M | $137.75M | $125.86M | $-62.05M | $266.05M | $110.79M | $93.56M | $-49.05M | $139.82M | $104.70M |
| Low Forecast | $371.27M | $305.99M | $296.36M | $218.73M | $279.17M | $234.82M | $233.59M | $200.46M | $271.20M | $218.66M | $210.14M | $169.86M | $220.60M | $182.62M | $171.06M | $131.98M | $217.12M | $156.60M | $143.17M | $-117.74M | $184.94M | $137.75M | $93.92M | $-93.08M | $177.37M | $110.79M | $93.56M | $-73.58M | $139.82M | $104.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.99% | 1.98% | 1.53% | -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 | 19 | 9 | 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 | $691.97M | $573.11M | $522.10M | $444.81M | $517.82M | $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 | $986.53M | $938.14M | $849.55M | $1.10B | $954.29M | $893.68M | $746.81M | $821.36M | $680.27M | $619.72M | $534.46M | $558.99M | $350.41M | $291.08M | $-56.69M | $367.02M | $219.82M | $126.83M | $-44.82M | $172.43M | $-26.93M | $-38.86M | $-35.43M | $115.40M | $64.29M |
| Low Forecast | - | - | - | - | $751.87M | $672.87M | $639.87M | $579.45M | $750.25M | $650.89M | $609.55M | $509.37M | $560.22M | $463.99M | $422.69M | $355.16M | $463.66M | $327.78M | $290.70M | $-85.04M | $318.36M | $219.54M | $86.50M | $-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 | 19 | 9 | 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 | $215.53M | $177.63M | $172.05M | $126.98M | $162.06M | $136.32M | $135.61M | $116.37M | $157.44M | $126.94M | $121.99M | $98.61M | $128.06M | $106.02M | $99.30M | $93.44M | $108.06M | $72.39M | $62.02M | $72.21M | $91.37M | $59.67M | $54.52M | $57.08M | $93.44M | $47.99M | $40.53M | $45.12M | $60.57M | $45.35M |
| Low Forecast | $160.83M | $132.55M | $128.38M | $94.75M | $120.93M | $101.72M | $101.19M | $86.84M | $117.48M | $94.72M | $91.03M | $73.58M | $95.56M | $79.11M | $74.10M | $57.17M | $94.05M | $67.84M | $62.02M | $48.14M | $80.11M | $59.67M | $40.68M | $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 | 19 | 9 | 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 | $5.33 | $4.85 | $4.14 | $4.81 | $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 | - | - | - | - | $10.25 | $9.17 | $8.72 | $7.90 | $10.23 | $8.87 | $8.31 | $6.94 | $7.64 | $6.32 | $5.76 | $4.97 | $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 | - | - | - | - | $6.99 | $6.26 | $5.95 | $5.39 | $6.98 | $6.05 | $5.67 | $4.74 | $5.21 | $4.31 | $3.93 | $3.30 | $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 | $0.12 | $17.50 | 14483.33% | Hold |
| SEDG | SolarEdge | $13.68 | $172.60 | 1161.70% | Hold |
| NOVA | Sunnova Energy | $3.49 | $21.09 | 504.30% | Buy |
| RUN | Sunrun | $10.23 | $33.99 | 232.26% | Buy |
| ENPH | Enphase Energy | $63.66 | $167.61 | 163.29% | Buy |
| CSIQ | Canadian Solar | $12.58 | $19.50 | 55.01% | Sell |
| FSLR | First Solar | $193.83 | $239.46 | 23.54% | Buy |
| JKS | JinkoSolar | $22.66 | $23.80 | 5.03% | Sell |
| MAXN | Maxeon Solar | $11.37 | $3.75 | -67.02% | Hold |
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 23.54% from its last price of $193.83. 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 23.54% (from the last price of $193.83 to the average price target of $239.46), up by 80.57% based on the highest stock price target, and down by -53.57% 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?
11 Wall Street analysts forecast a $264.91 price target for First Solar (FSLR) this month, up 36.67% from its last price of $193.83. Compared to the last 3 and 12 months, the average price target increased by 38.31% and increased by 38.51%, 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 $1.11B (high $1.27B, low $948.04M), average net income is $3.27B (high $3.88B, low $2.64B), average SG&A $481.15M (high $550.36M, low $410.68M), and average EPS is $30.36 (high $36.04, low $24.58). FSLR's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $9.17B (high $10.49B, low $7.83B), average EBITDA is $1.4B (high $1.6B, low $1.19B), average net income is $0 (high $0, low $0), average SG&A $605.15M (high $692.19M, low $516.51M), 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 $370.44M by 131.42%. 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 $200.22M by 98.67%. 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%