Baird has revised its price target for First Solar (FSLR, Financial), reducing it from $267 to $240 while maintaining an Outperform rating. This adjustment comes as part of a preliminary analysis ahead of the company's first-quarter earnings report.
The firm cites global market uncertainties as a reason for predicting a subdued outlook for sustainable energy and mobility sectors in the second quarter and for the latter half of 2025. Despite these concerns, Baird remains optimistic about First Solar's prospects.
In addition to First Solar, Baird highlighted Bloom Energy (BE) and MP Materials (MP) as their top picks for the year, while also expressing confidence in buying shares of Itron (ITRI) as the quarter progresses.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for First Solar Inc (FSLR, Financial) is $234.53 with a high estimate of $304.00 and a low estimate of $145.00. The average target implies an upside of 78.67% from the current price of $131.26. More detailed estimate data can be found on the First Solar Inc (FSLR) Forecast page.
Based on the consensus recommendation from 38 brokerage firms, First Solar Inc's (FSLR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Solar Inc (FSLR, Financial) in one year is $313.21, suggesting a upside of 138.62% from the current price of $131.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Solar Inc (FSLR) Summary page.
