FSLR -5 to 136, I bought a small starter position yesterday and today. Looks very oversold, down 55% from last June's high of $306. It remains a very strong growth story with EPS of $12.02 for 2024, up from $7.74 in 2023. Guidance for 2025 is EPS of $18.50 midpoint. First Solar is an American solar panel company and could benefit from increased tariffs against China. I hedged my position with covered calls and will be accumulating on further weakness.
fly -
First Solar price target lowered to $236 from $273 at Barclays
Barclays lowered the firm's price target on First Solar to $236 from $273 and keeps an Overweight rating on the shares following the 2025 outlook The firm says India will produce at its nameplate capacity while Malaysia and Vietnam will underproduce. First Solar's costs that are tangential to the warranty issue will drive cost-per watt sold higher than previously guided to in 2025, which is reflected in lower gross margin estimates, the analyst tells investors in a research note.
February 27, 2025
08:16 EST FSLR
First Solar price target lowered to $304 from $335 at Guggenheim
Guggenheim analyst Joseph Osha lowered the firm's price target on First Solar to $304 from $335 and keeps a Buy rating on the shares following the company's release of its Q4 results. The firm's lowered target reflects a reduced outlook for manufacturing margins, the analyst tells investors.
07:42 EST FSLR
First Solar price target lowered to $191 from $209 at Wells Fargo
Wells Fargo analyst Michael Blum lowered the firm's price target on First Solar to $191 from $209 and keeps an Overweight rating on the shares. The firm notes Q4 results and 2025 guidance were mixed with revenue in line but margins lower. Wells remains bullish as it expects bookings to accelerate and margin to improve in the second half of the year as IRA uncertainty lifts.
07:11 EST FSLR
First Solar price target lowered to $238 from $297 at Morgan Stanley
Morgan Stanley lowered the firm's price target on First Solar to $238 from $297 and keeps an Overweight rating on the shares. Elevated expenses drove downside to Q4 and 2025 margins, notes the analyst, who sees room for significant outperformance once the market receives clarity around the outlook for the IRA, while adding that project delays "remain a risk."
04:39 EST FSLR
First Solar price target lowered to $265 from $280 at Deutsche Bank
Deutsche Bank lowered the firm's price target on First Solar to $265 from $280 and keeps a Buy rating on the shares following the Q4 report.
February 26, 2025
10:15 EST FSLR
First Solar price target lowered to $230 from $260 at BMO Capital
BMO Capital lowered the firm's price target on First Solar to $230 from $260 but keeps an Outperform rating on the shares after its Q4 results and guidance. The stock has been under significant pressure year-to-date due to concerns over FY25 guidance and risk perception of warranty expense, but the updated commentary and filings proved concerns around warranty issue were unfounded and FY25 revenue guidance was much better than feared, the analyst tells investors in a research note. BMO notes however that First Solar's logistics costs are running materially higher than the company's prior outlook due to more prior period unsold inventory, slower conversion from production to sales, and a need to sell Indian modules into the U.S.
10:05 EST FSLR
First Solar price target lowered to $251 from $280 at RBC Capital
RBC Capital lowered the firm's price target on First Solar to $251 from $280 and keeps an Outperform rating on the shares. The company's Q4 results and 2025 guide were disappointing due to a series of headwinds, but while these could be transitory impacts, the timing for a resolution is uncertain due to limited visibility into policy, which is also impacting the company's ability to efficiently manage its operations, the analyst tells investors in a research note. RBC's price target cut also reflects multiple compression reflecting elevated uncertainty, the firm adds.
09:55 EST FSLR
Early notable gainers among liquid option names on February 26th
Notable gainers among liquid option names this morning include Super Micro (SMCI) $53.39 +7.85, Axon Enterprise (AXON) $567.62 +70.98, Intuit (INTU) $623.65 +68.02, First Solar (FSLR) $164.98 +17.52, and NRG Energy (NRG) $110.79 +8.35.
07:58 EST FSLR
First Solar price target lowered to $285 from $360 at UBS
UBS lowered the firm's price target on First Solar to $285 from $360 and keeps a Buy rating on the shares. The firm views First Solar's 2025 revenue guidance of $5.55B at the midpoint as positive given weak 2025 revenue guidance was a key concern going into the results, the analyst tells investors in a research note. The vast majority of the value and upside in First Solar are the three U.S. factories and First Solar's technological moat around fully U.S. domestic manufactured solar modules, not the non-U.S. capacity, UBS argues.
07:36 EST FSLR
First Solar price target lowered to $230 from $250 at Piper Sandler
Piper Sandler lowered the firm's price target on First Solar to $230 from $250 and keeps an Overweight rating on the shares. The firm says key market concerns into earnings surrounded revenue guidance and warranty charges. On those fronts, guidance outperformed expectations. However, EPS still missed on lower margins attributable to higher COGS, Piper adds.
07:32 EST FSLR
First Solar price target lowered to $285 from $300 at Truist
Truist lowered the firm's price target on First Solar to $285 from $300 and keeps a Buy rating on the shares after its Q4 results. In an uncertain market backdrop, First Solar continues to execute well in ramping its U.S. manufacturing footprint, maintaining a sizable backlog, and in new product development, the analyst tells investors in a research note. It may yet take some time for policy-related overhangs to be addressed - depending on budget reconciliation bill timing - but the firm ultimately continues to see First Solar emerging in a position of strength, Truist adds.
06:50 EST FSLR
First Solar price target lowered to $268 from $282 at JPMorgan
JPMorgan lowered the firm's price target on First Solar to $268 from $282 and keeps an Overweight rating on the shares. The company reported mixed Q4 results as its gross margin results and guidance were below expectations, primarily owing to warehousing costs as some U.S. customers exercise rights to delay shipment towards the second half of the year, the analyst tells investors in a research note. The firm says that while "this was a messy print," it is "encouraged" by First Solar's unit production and revenue aligning with expectations. It views First Solar's near-term gross margin headwinds as mostly temporary.
06:13 EST FSLR
First Solar price target lowered to $236 from $254 at Citi
Citi lowered the firm's price target on First Solar to $236 from $254 and keeps a Buy rating on the shares following the Q4 miss. First Solar reported revenue 1% above consensus but missed on gross margin due to multiple factors including Inflation Reduction Act credit sales, warranty charge, module shipment delay, and warehousing costs, the analyst tells investors in a research note. The firm expects a "muted reaction" post the earnings print. Concerns around revenue guidance, warranty, and tariffs were addressed, but this was balanced by "go get" volumes in the year, demand and policy risks in the current environment, and the earnings miss in Q4, contends Citi.
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