First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects... Show more
First Solar, Inc. stands as a leader in thin-film photovoltaic (PV) modules using cadmium telluride (CdTe) technology, commanding nearly 50% market share in this segment. Its U.S.-centric manufacturing footprint provides a competitive edge through domestic content advantages and avoidance of anti-dumping/countervailing duties (AD/CVD) on Southeast Asian imports. Ongoing capacity expansions, including new factories, aim to meet rising utility-scale demand. While crystalline silicon dominates broader PV, First Solar's higher efficiency in hot climates and lower production costs sustain profitability leadership. Medium-term risks include intensifying competition from low-cost producers, but innovation in module efficiency and recycling bolsters its moat.
The Q1 2026 earnings release on April 30 represents a pivotal near-term catalyst, with potential updates to 2026 guidance following prior conservative outlooks that disappointed investors. Investors will scrutinize sales projections, tariff mitigation strategies, and factory utilization rates. Recent analyst actions reflect caution: Deutsche Bank downgraded to Hold with a $245 target, Barclays cut its price target to $213, and GLJ Research slashed to $207, amid flat 2026 sales expectations. Conversely, the consensus remains Moderate Buy from 35 analysts, with targets up to $303. Other catalysts include the May 13 annual stockholder meeting, potential new power purchase agreements (PPAs), and regulatory clarity on IRA extensions or trade policies, all capable of swaying sentiment on growth prospects.
The solar sector anticipates sustained growth in 2026, driven by storage integration and renewable targets, though moderated by high interest rates constraining utility capex and supply chain tariffs. First Solar's business model benefits from IRA incentives but faces $125-135 million in tariff costs on imported components like glass. Policy uncertainty, including potential post-election shifts, could alter subsidy landscapes. Declining commodity prices for silver and polysilicon aid margins, while geopolitical tensions in supply chains pose risks. Overall, macroeconomic easing in rates would unlock delayed projects, amplifying First Solar's backlog execution.
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For 2026, First Solar's guidance signals a transitional year with flat sales growth, pressured by tariffs and utilization gaps, contrasting robust 2025 results. Long-term, structural drivers include gigawatt-scale capacity ramps to 25 GW by 2026, enhancing margin sustainability through scale. Technology transitions to higher-efficiency Series 7 modules and recycling initiatives support cost evolution. Market expansion in U.S. utility solar, paired with global diversification, counters competitive threats from crystalline silicon oversupply. Regulatory developments around IRA continuity and trade protections remain critical. Consensus analyst expectations embed optimism beyond 2026, with price targets reflecting backlog visibility and energy transition tailwinds, though near-term caution prevails.
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a provider of photovoltaic solar energy solutions
Industry AlternativePowerGeneration
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A.I.dvisor indicates that over the last year, FSLR has been loosely correlated with BE. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if FSLR jumps, then BE could also see price increases.
| Ticker / NAME | Correlation To FSLR | 1D Price Change % | ||
|---|---|---|---|---|
| FSLR | 100% | +0.76% | ||
| BE - FSLR | 55% Loosely correlated | -9.05% | ||
| FCEL - FSLR | 52% Loosely correlated | -1.11% | ||
| RUN - FSLR | 51% Loosely correlated | -4.57% | ||
| NXT - FSLR | 50% Loosely correlated | +1.08% | ||
| ARRY - FSLR | 45% Loosely correlated | +4.06% | ||
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| Ticker / NAME | Correlation To FSLR | 1D Price Change % |
|---|---|---|
| FSLR | 100% | +0.76% |
| Alternative Power Generation industry (29 stocks) | 85% Closely correlated | +1.79% |
| Utilities industry (214 stocks) | 31% Poorly correlated | -0.73% |
FSLR moved above its 50-day moving average on April 30, 2026 date and that indicates a change from a downward trend to an upward trend. In of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 30, 2026. You may want to consider a long position or call options on FSLR as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FSLR just turned positive on April 23, 2026. Looking at past instances where FSLR's MACD turned positive, the stock continued to rise in of 57 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for FSLR crossed bullishly above the 50-day moving average on May 05, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FSLR advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 220 cases where FSLR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for FSLR moved out of overbought territory on May 14, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FSLR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FSLR broke above its upper Bollinger Band on May 11, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FSLR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 98, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.539) is normal, around the industry mean (4.467). P/E Ratio (15.076) is within average values for comparable stocks, (102.159). Projected Growth (PEG Ratio) (0.612) is also within normal values, averaging (1.570). FSLR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (4.634) is also within normal values, averaging (7.542).