First Solar, Inc. (FSLR)

First Solar Stock Forecast

Stock Price Forecast

The 24 analysts with 12-month price forecasts for First Solar stock have an average target of 268.13, with a low estimate of 185 and a high estimate of 356. The average target predicts an increase of 23.72% from the current stock price of 216.73.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$185	$268.13	$270	$356
Change	-14.64%	+23.72%	+24.58%	+64.26%

Analyst Ratings

The average analyst rating for First Solar stock from 26 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	10	10	9	9	8	8
Buy	12	12	13	13	14	14
Hold	6	6	3	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	28	28	25	26	26	26

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ben Kallo Baird	Baird	Buy Maintains $344 → $307	Buy	Maintains	$344 → $307	+41.65%	Jul 2, 2024
Corinne Blanchard Deutsche Bank	Deutsche Bank	Strong Buy Maintains $215 → $280	Strong Buy	Maintains	$215 → $280	+29.19%	Jun 28, 2024
Sean Milligan Janney Montgomery Scott	Janney Montgomery Scott	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Jun 18, 2024
Colin Rusch Oppenheimer	Oppenheimer	Buy Maintains $271 → $325	Buy	Maintains	$271 → $325	+49.96%	Jun 12, 2024
Ben Kallo Baird	Baird	Buy Maintains $246 → $344	Buy	Maintains	$246 → $344	+58.72%	Jun 11, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.61B

Increased by 38.94%

from 3.32B

Revenue Next Year

5.76B

Increased by 24.85%

from 4.61B

EPS This Year

13.82

Increased by 78.57%

from 7.74

EPS Next Year

21.62

Increased by 56.41%

from 13.82

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	3.06B	2.71B	2.92B	2.62B	3.32B	4.61B	5.76B	6.86B	7.09B	7.77B
Revenue Growth	36.50%	-11.48%	7.82%	-10.40%	26.70%	38.94%	24.85%	19.23%	3.26%	9.65%
EPS	-1.09	3.73	4.38	-0.41	7.74	13.82	21.62	30.04	31.31	34.70
EPS Growth	-	-	17.43%	-	-	78.57%	56.41%	38.94%	4.26%	10.81%
Forward PE	-	-	-	-	-	15.68	10.03	7.22	6.92	6.25
No. Analysts	-	-	-	-	-	36	36	28	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.8B	6.3B	7.6B	8.2B	8.8B
Avg	4.6B	5.8B	6.9B	7.1B	7.8B
Low	4.3B	5.2B	5.9B	5.4B	6.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	45.6%	36.3%	32.3%	19.1%	23.6%
Avg	38.9%	24.9%	19.2%	3.3%	9.7%
Low	30.0%	13.7%	2.2%	-21.1%	-9.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	14.70	24.81	34.60	33.77	35.72
Avg	13.82	21.62	30.04	31.31	34.70
Low	12.92	14.73	17.72	28.66	33.34

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	89.9%	79.5%	60.0%	12.4%	14.1%
Avg	78.6%	56.4%	38.9%	4.3%	10.8%
Low	66.9%	6.6%	-18.0%	-4.6%	6.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.