First Solar, Inc. (NASDAQ:FSLR) is a prominent player in the solar energy industry, known for its photovoltaic solar energy solutions. The company operates globally, serving a wide range of clients from system developers to commercial entities. Established in 1999 and based in Tempe, Arizona, First Solar has made significant strides in the renewable energy sector, particularly with its cadmium telluride solar modules.
The consensus price target for First Solar has been on a downward trend over the past year. A year ago, the target was $257.9, but it has since decreased to $207.12 last quarter and further to $194 last month. This decline may reflect changing market conditions or company performance. Analyst Moses Sutton from Barclays has set a notably lower price target of $112, suggesting a more cautious outlook.
First Solar's upcoming Q2 earnings report is anticipated to show a decline, as the company reportedly lacks the key factors needed for an earnings beat. This expectation aligns with the reduced price targets and highlights potential challenges the company faces. Investors should be aware of these developments and consider them when evaluating First Solar's stock.
Despite these challenges, First Solar is still considered a potential value stock by Zacks, which uses the Zacks Rank system to identify promising stocks based on earnings estimates and revisions. This analysis also considers trends in value, growth, and momentum, offering a broader perspective on First Solar's investment potential.
External factors, such as the extension of the reciprocal tariff deadline and increased tariffs on steel and aluminum, could further impact First Solar's margins and earnings. These developments, along with the company's strategic initiatives and market position, are crucial for investors to monitor as they assess the factors influencing First Solar's stock performance and analyst expectations.
