Piper Sandler has adjusted its price target for First Solar (FSLR, Financial), reducing it from $230 to $205. Despite this, the firm maintains an Overweight rating on the solar company's shares. The adjustment comes as the focus on earnings underscores the impact of tariff policies.
The firm highlights that current 10% tariffs are manageable for First Solar; however, the potential imposition of reciprocal tariffs involving Vietnam and Malaysia could pose significant challenges over multiple years. This situation prompts concerns about the Vietnamese and Malaysian assets' long-term value and strategic importance within First Solar's broader portfolio.
Piper Sandler also points out potential risks associated with a broader move away from globalization and issues related to under-utilized assets, suggesting these factors might influence First Solar's future strategies and operations.
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 $232.22 with a high estimate of $304.00 and a low estimate of $145.00. The average target implies an upside of 81.45% from the current price of $127.98. 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 $313.00, suggesting a upside of 144.57% from the current price of $127.98. 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.
