Truist Securities Raises First Solar (FSLR) Price Target to $270

Truist Securities has raised its rating on First Solar to Buy with a target price of $270, a 55.36% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:21 PM EDT

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Truist Securities raised its price target on First Solar, Inc. ($FSLR) to $270 from $229 on October 12, 2026, and rates the stock "Buy".

Since the rating, $FSLR is down 3.9% to date (from the $179.72 close on Oct 12, 2026).

FSLR First Solar, Inc.

$172.64 -37.07% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Truist Securities upgraded First Solar, Inc. (FSLR) to a Buy rating, raising the price target from $229 to $270.
Truist Securities's $270 price target implies 55.36% upside from First Solar, Inc.'s ($FSLR) current $173.79 share price.
As of October 16, 2026, First Solar shares recently traded at $173.79, which is about 35.6% below the new analyst target.
First Solar's market cap stands at approximately $19.2 billion, and the company is set to report earnings on October 29, 2026.

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Truist Securities has upgraded First Solar, Inc. (FSLR) to a Buy rating on October 12, 2026, increasing the price target from $229 to $270. This change reflects a more optimistic outlook for the solar technology company, which provides photovoltaic solutions globally.

Other Institutional Activity in First Solar

Blackrock Inc. holds 14,029,065 shares of First Solar, worth about $2.42 billion, after increasing its stake by 207,326 shares. Vanguard Capital Management LLC owns 6,836,941 shares valued at approximately $1.18 billion, with a slight increase of 48,200 shares. State Street Corporation added 291,194 shares, bringing its total to 5,576,026 shares worth around $962.6 million, while Capital World Investors boosted its holdings by 2,057,320 shares, totaling 4,114,639 shares valued at $710.4 million.

First Solar, Inc. Stock Down 3.0%

As of October 16, 2026, First Solar shares are trading at $173.79, which is about 13.6% below the 50-day moving average of $201.04 and 21.1% below the 200-day moving average of $220.29. The stock is also 45.9% below its 52-week high of $320.95 but sits 3.1% above its 52-week low of $168.60.

12-month forecast

$FSLR price target

First Solar, Inc. daily closes and this analyst's $270 target. Not advice.

Recent Earnings

First Solar reported trailing twelve-month revenue of approximately $5.38 billion and an earnings per share (EPS) of $16.22. The company's net margin stands at 32.5%, and its return on equity (ROE) is 18.5%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at First Solar, Inc.

Insider transactions include Chief Technology Officer Markus Gloeckler, who sold 4,254 shares on August 4, 2026, and General Counsel Jason E Dymbort, who sold 3,700 shares on August 11, 2026, at an average price of $249.38, totaling about $922,706. Additionally, Officer Samantha L. Sloan sold 127 shares on August 17, 2026, and Gloeckler sold 800 shares on September 1, 2026, at $200 per share.

Analysts Set New Price Targets

On October 12, 2026, Truist Securities upgraded First Solar to a Buy rating with a new price target of $270. Earlier, Goldman Sachs maintained its Buy rating with a target of $272 on October 8, 2026. The consensus among analysts is favorable, with a mean price target of approximately $274.77 from 30 opinions.

About First Solar

First Solar, Inc. is a solar technology company based in Phoenix, Arizona. It manufactures photovoltaic solar modules using thin film semiconductor technology and operates internationally, providing solar energy solutions across various regions, including the United States, France, India, and Chile.

Bottom Line

Investors should watch for First Solar's upcoming earnings announcement on October 29, 2026, following Truist's recent upgrade. The stock remains below both its 50-day and 200-day moving averages, suggesting potential volatility ahead.