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First Solar Price Target Raised To $260 At Jefferies, Shares Rise 3%

Jefferies raised its price target on First Solar Inc. (NASDAQ: FSLR) to $260.00 from $212.00 and reiterated a Buy rating, sending shares up more than 3% intra-day on Thursday.

The firm cited strong bookings in the third quarter, with U.S. capacity fully booked through 2028, putting the company back into price discovery mode. Jefferies also highlighted favorable policy tailwinds, including AD/CVD measures, Section 232 tariffs, and FEOC rules.

Analysts said they viewed First Solar’s finishing lines as attractive but noted they were still seeking clarity on long-term margin recovery and tariff impact. They also pointed to the company’s planned use of roughly $9 billion in cumulative free cash flow generation from 2025–2028 as a key factor for investors to watch.

Published on: October 2, 2025