Guggenheim Raises First Solar (FSLR) Price Target to $299

By TradeTexts Research Desk Oct 27, 2026, 11:24 AM EDT

Key Points

Guggenheim increased its price target on First Solar from $282 to $299 while keeping its Buy rating.
Guggenheim's $299 price target implies 71.24% upside from First Solar, Inc.'s ($FSLR) current $174.61 share price.
As of October 27, 2026, First Solar shares closed at $175.53, which is about 41.6% below the new target.
The company recently reported trailing twelve-month revenue of approximately $5.38 billion and has a P/E ratio of about 10.37.

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On October 27, 2026, Guggenheim raised its price target for First Solar, Inc. (FSLR) to $299 from $282 while maintaining a Buy rating. This change reflects a more optimistic outlook for the solar technology company. The firm’s price target increase comes as the stock trades significantly below this new estimate.

FSLR First Solar, Inc.

$168.47 -38.59% year to date

Daily close · Oct 26, 2026

Analyst rating track record

Guggenheim vs. the S&P 500

YTD return +3.99% hypothetical

All-time return +3.99% S&P 500 +1.70%

vs. S&P 500 +2.29% ahead of the index

Hypothetical returns from Guggenheim's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in First Solar

Cushing Asset Management took a new position in First Solar, acquiring 40,000 shares valued at about $7 million on October 26, 2026. Meanwhile, Hill City Capital, LP increased its holdings by 450,543 shares, bringing its total to 2,628,130 shares worth approximately $441.9 million as of June 30, 2026.

First Solar, Inc. Stock Up 1.5%

As of October 27, 2026, First Solar shares closed at $175.53, which is about 41.6% below Guggenheim's new price target. The stock is also trading below its 50-day moving average of $192.13 and its 200-day average of $217.18. Additionally, the shares are near their 52-week low of $165.86, indicating potential challenges in the current market.

12-month forecast

$FSLR price target

First Solar, Inc. daily closes and this analyst's $299 target. Not advice.

Recent Earnings

First Solar reported trailing twelve-month revenue of approximately $5.38 billion, with a net margin of 32.5%. The company has a P/E ratio of about 10.37, reflecting its profitability. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at First Solar, Inc.

Insiders at First Solar have sold shares recently, including Chief Technology Officer Markus Gloeckler, who sold 4,254 shares on August 4, 2026. General Counsel Jason E. Dymbort sold 3,700 shares on August 11, 2026, and Officer Samantha L. Sloan sold 127 shares on August 17, 2026. These transactions were made before the recent price target adjustment.

Analysts Set New Price Targets

On October 27, 2026, Guggenheim maintained its Buy rating on First Solar, raising its price target to $299 from $282. In the days leading up to this, other firms also adjusted their targets, with Truist Securities upgrading its rating to Buy and setting a target of $270, while Morgan Stanley maintained its Overweight rating with a target of $326.

About First Solar

First Solar, Inc. is a solar technology company based in Phoenix, AZ. It specializes in providing photovoltaic (PV) solar energy solutions. The company manufactures and sells solar modules using thin film semiconductor technology, primarily in the United States and several international markets. The recent price target increase from Guggenheim highlights growing confidence in First Solar's future performance.

Bottom Line

Investors should keep an eye on First Solar's upcoming earnings report on October 29, 2026, as well as any further updates from analysts. The recent price target increase from Guggenheim reflects a positive outlook amid current trading challenges.