
First Solar (FSLR) Stock Forecast & Price Target
First Solar (FSLR) Analyst Ratings
Bulls say
First Solar has demonstrated significant improvement in liquidity, with cash and marketable securities rising to approximately $1.2 billion, bolstered by tax-credit monetization and an agreement to sell up to $391 million in additional 45X credits. The increase in cadmium telluride (CdTe) pricing indicates a positive market trend, with forecasts suggesting further price growth, contributing to an optimistic revenue outlook that anticipates 2026 and 2027 revenues exceeding current consensus estimates at approximately $6.3 billion and $7.2 billion, respectively. Additionally, the company's anticipated 2025 estimated 45X tax value of $1.575 billion to $1.625 billion, projected to further increase with additional capacity, signifies a favorable financial trajectory.
Bears say
The negative outlook on First Solar's stock is primarily attributed to concerns regarding potential adjustments to its 2025 guidance, as approximately 35% of polled investors anticipate these changes due to ongoing challenges with product quality and module performance. Additionally, the decline in average selling prices (ASPs) driven by falling c-Si prices threatens the company's ability to maintain its margins, particularly if First Solar is unable to effectively reduce its cost structure in response. Furthermore, the forecast indicates a declining backlog coverage extending through 2026, compounded by weak expectations surrounding the ongoing Section 232 polysilicon investigation, which could hinder demand and operational efficiency.
This aggregate rating is based on analysts' research of First Solar and is not a guaranteed prediction by Public.com or investment advice.
First Solar (FSLR) Analyst Forecast & Price Prediction
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