First Solar Price Targets Reduced to $213 and $187, Stock Down 26%
Barclays lowered First Solar’s price target to $213 from $228 and Jefferies cut its target to $187, citing rising logistics costs. Shares fell 2.7% to $195.20 and are down 26% year-to-date as investors await Q1 results with projected $2.80 EPS on $1.05 billion revenue.
1. Analyst Price Target Reductions
Barclays trimmed its price target for First Solar to $213 from $228 and Jefferies lowered its target to $187, both highlighting rising logistics costs as a threat to short-term margins.
2. Recent Share Performance
First Solar shares declined 2.7% to $195.20 in the latest session and have dropped 26% since the start of the year, leaving the company with a market capitalization around $20.68 billion.
3. Upcoming Q1 Earnings Outlook
First Solar is due to report its first-quarter 2026 financial results on April 30, with analysts forecasting $2.80 earnings per share on $1.05 billion in revenue, up significantly from last year.
4. Investor Sentiment and Valuation Impact
The downward revisions reflect concerns over cost pressures and potential margin erosion, prompting investors to reassess growth prospects and valuation ahead of the earnings release.