First Solar stock price target raised to $194 from $192 at Jefferies

Investing.com - Jefferies has raised its price target on First Solar (NASDAQ:FSLR) to $194.00 from $192.00 while maintaining a Buy rating on the stock. The company, currently valued at $17.25 billion, trades at a P/E ratio of 13.65, with analyst targets ranging from $100 to $277.

The firm views First Solar as "one of the most macro-entangled name within renewables," noting that 2025 guidance and the future of Southeast Asia facilities depend heavily on tariff decisions. With revenue growth of 19.42% and strong financial health according to InvestingPro analysis, the company maintains robust fundamentals despite market uncertainties.

Jefferies believes that market estimates for First Solar have been dampened by these concerns but expects that clarity on the Inflation Reduction Act will drive increased volumes in 2026.

The firm also expects First Solar’s Southeast Asia facilities to remain intact in the near term, despite current uncertainties.

Jefferies identified Treasury guidance as a "wild card" for the broader solar industry, potentially slowing near-term project development activity due to ambiguity.

In other recent news, First Solar has seen several developments that may interest investors. RBC Capital raised its price target for First Solar to $200 from $188, maintaining an Outperform rating. This adjustment reflects positive implications for demand due to the One Big Beautiful Bill, which could benefit the company given its U.S. supply chain advantage. Jefferies also increased its price target for First Solar to $194, highlighting the company’s potential growth despite uncertainties surrounding tariffs and the Inflation Reduction Act. Jefferies projects that First Solar’s revenue and EBITDA for 2025 will exceed consensus estimates, with anticipated volume growth in 2026 and 2027.

Additionally, the U.S. Senate’s advancement of a tax-and-spending bill has maintained solar leasing tax credits, potentially benefiting First Solar. KeyBanc reiterated a Sector Weight rating for First Solar, suggesting that its stock is appropriately valued relative to its peers. The company continues to navigate market challenges, including policy uncertainties and supply chain pressures. These recent developments provide insight into First Solar’s current market positioning and potential future performance.

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