Analysts Offer Predictions for First Solar Q1 Earnings

First Solar, Inc. (NASDAQ:FSLR) – Analysts at William Blair issued their Q1 2026 earnings per share estimates for First Solar in a note issued to investors on Thursday, February 27th. William Blair analyst J. Dorsheimer anticipates that the solar cell manufacturer will post earnings of $3.79 per share for the quarter. The consensus estimate for First Solar’s current full-year earnings is $13.05 per share. William Blair also issued estimates for First Solar’s Q2 2026 earnings at $4.89 EPS, Q3 2026 earnings at $7.12 EPS and Q4 2026 earnings at $7.63 EPS.

Several other equities analysts also recently commented on the stock. Robert W. Baird dropped their price objective on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley reduced their price objective on First Solar from $297.00 to $238.00 and set an “overweight” rating on the stock in a research report on Thursday. Mizuho raised First Solar from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $218.00 to $259.00 in a research note on Tuesday, February 11th. Barclays dropped their price objective on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating for the company in a report on Friday. Finally, Citigroup reduced their target price on shares of First Solar from $254.00 to $236.00 and set a “neutral” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $262.08.

First Solar Stock Performance

NASDAQ:FSLR opened at $136.18 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $14.58 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. First Solar has a twelve month low of $133.90 and a twelve month high of $306.77. The stock’s 50-day simple moving average is $172.38 and its 200 day simple moving average is $198.11.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%.

Hedge Funds Weigh In On First Solar

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James & Associates grew its position in First Solar by 10.1% in the 3rd quarter. Raymond James & Associates now owns 13,040 shares of the solar cell manufacturer’s stock valued at $3,253,000 after purchasing an additional 1,197 shares during the period. Private Advisor Group LLC lifted its stake in shares of First Solar by 4.9% in the third quarter. Private Advisor Group LLC now owns 3,877 shares of the solar cell manufacturer’s stock valued at $967,000 after buying an additional 180 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Solar by 12.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,912 shares of the solar cell manufacturer’s stock valued at $1,475,000 after buying an additional 636 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of First Solar by 6.8% during the third quarter. State of Alaska Department of Revenue now owns 12,434 shares of the solar cell manufacturer’s stock worth $3,101,000 after acquiring an additional 795 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of First Solar by 10.9% in the 3rd quarter. New York State Teachers Retirement System now owns 104,400 shares of the solar cell manufacturer’s stock worth $26,042,000 after acquiring an additional 10,232 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

About First Solar

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.