Fintel reports that on June 11, 2025, Jefferies upgraded their outlook for First Solar (NasdaqGS:FSLR) from Hold to Buy.

Analyst Price Forecast Suggests 20.44% Upside

As of June 2, 2025, the average one-year price target for First Solar is $202.30/share. The forecasts range from a low of $101.00 to a high of $290.85. The average price target represents an increase of 20.44% from its latest reported closing price of $167.97 / share.

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The projected annual revenue for First Solar is 5,559MM, an increase of 30.59%. The projected annual non-GAAP EPS is 25.23.

What is the Fund Sentiment?

There are 1,567 funds or institutions reporting positions in First Solar. This is an decrease of 44 owner(s) or 2.73% in the last quarter. Average portfolio weight of all funds dedicated to FSLR is 0.27%, an increase of 10.65%. Total shares owned by institutions increased in the last three months by 4.02% to 110,027K shares. The put/call ratio of FSLR is 0.53, indicating a bullish outlook.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,219K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 3,199K shares , representing an increase of 0.61%. The firm decreased its portfolio allocation in FSLR by 24.71% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 2,976K shares representing 2.78% ownership of the company. In its prior filing, the firm reported owning 2,898K shares , representing an increase of 2.62%. The firm decreased its portfolio allocation in FSLR by 24.78% over the last quarter.

Geode Capital Management holds 2,831K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 2,666K shares , representing an increase of 5.83%. The firm decreased its portfolio allocation in FSLR by 59.09% over the last quarter.

Wellington Management Group Llp holds 2,765K shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 2,360K shares , representing an increase of 14.66%. The firm decreased its portfolio allocation in FSLR by 87.72% over the last quarter.

Invesco holds 2,428K shares representing 2.26% ownership of the company. In its prior filing, the firm reported owning 1,835K shares , representing an increase of 24.41%. The firm decreased its portfolio allocation in FSLR by 91.03% over the last quarter.

First Solar Background Information
(This description is provided by the company.)

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar's renewable energy solutions protect and enhance the environment.