First Solar (FSLR) Stock Forecast & Price Target

$192.41

-8.99 (-4.46%)

(As of 10/23/2024 ET)

First Solar - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
0

Hold
3

Buy
23

Based on 26 Wall Street analysts who have issued ratings for First Solar in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 3 have given a hold rating, 22 have given a buy rating, and 1 has given a strong buy rating for FSLR.

Consensus Price Target

$288.46
49.92% Upside

According to the 26 analysts' twelve-month price targets for First Solar, the average price target is $288.46. The highest price target for FSLR is $360.00, while the lowest price target for FSLR is $227.00. The average price target represents a forecasted upside of 49.92% from the current price of $192.41.

FSLR Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	22 Buy rating(s)	21 Buy rating(s)	21 Buy rating(s)	19 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$288.46	$283.46	$273.96	$231.63
Forecasted Upside	49.92% Upside	13.71% Upside	26.72% Upside	48.58% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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FSLR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FSLR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Solar Stock vs. The Competition

Type	First Solar	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.92	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	47.94% Upside	3,026.75% Upside	8.24% Upside
News Sentiment Rating	Neutral News See Recent FSLR News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Citigroup 3 of 5 stars	V. Bagri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$200.00 ➝ $254.00	+29.43%
10/16/2024	Susquehanna 2 of 5 stars		Lower Target	Positive ➝ Positive	$285.00 ➝ $280.00	+37.42%
10/15/2024	Roth Mkm 1 of 5 stars		Lower Target	Buy ➝ Buy	$320.00 ➝ $280.00	+36.97%
10/10/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$271.00 ➝ $266.00	+17.67%
10/9/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Yang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/8/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$343.00 ➝ $321.00	+39.80%
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9/26/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Levy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$300.00	+24.11%
8/29/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform
8/14/2024	Clarkson Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Hartvigsen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$270.00	+17.25%
8/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$280.00 ➝ $290.00	+34.28%
8/1/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$280.00	+29.64%
7/31/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$350.00 ➝ $360.00	+67.67%
7/31/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$315.00 ➝ $315.00	+45.00%
7/31/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$311.00 ➝ $286.00	+31.65%
7/31/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$325.00 ➝ $326.00	+49.62%
7/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$219.00 ➝ $250.00	+15.51%
7/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$262.00 ➝ $282.00	+29.13%
7/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$344.00 ➝ $307.00	+37.85%
6/28/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$215.00 ➝ $280.00	+16.75%
6/18/2024	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Milligan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
6/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$268.00 ➝ $302.00	+11.24%
6/4/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$248.00 ➝ $331.00	+21.37%
5/30/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mandloi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$209.00 ➝ $274.00	-1.51%
5/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$359.00 ➝ $356.00	+99.64%
4/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	In-Line ➝ Outperform	$227.00	+28.77%
4/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$187.00 ➝ $250.00	+43.44%
10/20/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$237.00	+55.95%
9/8/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$230.00	+26.06%
7/28/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$250.00 ➝ $293.00	+40.60%
6/26/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/15/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
4/28/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$163.00 ➝ $170.00	-15.35%
3/14/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$176.00 ➝ $261.00	+28.21%
3/6/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$201.00 ➝ $227.00	+8.04%
3/1/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$195.00 ➝ $205.00	+21.20%
12/23/2022	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$175.00	+11.54%
10/28/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$167.00 ➝ $175.00	+32.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:21 PM ET.

FSLR Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for First Solar is $288.46, with a high forecast of $360.00 and a low forecast of $227.00.
: 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 3 hold ratings, 22 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FSLR shares.
: According to analysts, First Solar's stock has a predicted upside of 49.92% based on their 12-month stock forecasts.
: Over the previous 90 days, First Solar's stock had 3 upgrades by analysts.
: First Solar has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, Clarkson Capital, DZ Bank, Hsbc Global Res, Jefferies Financial Group, Oppenheimer, Roth Mkm, Royal Bank of Canada, Susquehanna, Truist Financial, UBS Group, and William Blair in the past 90 days.
: Analysts like First Solar more than other "oils/energy" companies. The consensus rating score for First Solar is 2.92 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how FSLR compares to other companies.

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This page (NASDAQ:FSLR) was last updated on 10/23/2024 by MarketBeat.com Staff

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