First Solar, Inc. (FSLR)
NASDAQ: FSLR · IEX Real-Time Price · USD
168.80
+1.35 (0.81%)
At close: Mar 28, 2024, 4:00 PM
168.71
-0.09 (-0.05%)
After-hours: Mar 28, 2024, 7:58 PM EDT

First Solar Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for First Solar stock have an average target of 230.26, with a low estimate of 157.56 and a high estimate of 332. The average target predicts an increase of 36.41% from the current stock price of 168.80.

Analyst Consensus: Buy
Target Low Average Median High
Price $157.56 $230.26 $230 $332
Change -6.66% +36.41% +36.26% +96.68%
* Price targets were last updated on Feb 28, 2024.

Analyst Ratings

The average analyst rating for First Solar stock from 24 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 891010107
Buy 121213111211
Hold 876766
Sell 000000
Strong Sell 000000
Total 282829282824

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Susquehanna
Susquehanna
Buy
Maintains
$261$258
Buy Maintains $261$258 +52.84% Feb 28, 2024
RBC Capital
RBC Capital
Buy
Reiterates
$195
Buy Reiterates $195 +15.52% Feb 28, 2024
Oppenheimer
Oppenheimer
Buy
Maintains
$268$269
Buy Maintains $268$269 +59.36% Feb 28, 2024
RBC Capital
RBC Capital
Buy
Initiates
$195
Buy Initiates $195 +15.52% Feb 14, 2024
Wells Fargo
Wells Fargo
Hold
Downgrades
$215$187
Hold Downgrades $215$187 +10.78% Jan 8, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
4.63B
from 3.32B
Increased by 39.64%
Revenue Next Year
5.73B
from 4.63B
Increased by 23.69%
EPS This Year
13.81
from 7.74
Increased by 78.47%
EPS Next Year
21.81
from 13.81
Increased by 57.86%
Year 2019202020212022202320242025202620272028
Revenue
3.06B2.71B2.92B2.62B3.32B4.63B5.73B6.79B7.29B7.65B
Revenue Growth
36.50%-11.48%7.82%-10.40%26.70%39.64%23.69%18.48%7.41%4.94%
EPS
-1.093.734.38-0.417.7413.8121.8130.7635.6739.11
EPS Growth
--17.43%--78.47%57.86%41.04%15.99%9.62%
No. Analysts -----34312044
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 5.2B 6.2B 7.2B 8.0B 8.6B
Avg 4.6B 5.7B 6.8B 7.3B 7.7B
Low 4.3B 5.1B 6.2B 6.4B 6.1B

Revenue Growth

Revenue Growth 20242025202620272028
High
57.7%
34.0%
26.4%
18.5%
18.5%
Avg
39.6%
23.7%
18.5%
7.4%
4.9%
Low
30.6%
9.9%
9.0%
-6.0%
-16.9%

EPS Forecast

EPS 20242025202620272028
High 15.10 25.10 34.00 40.01 45.13
Avg 13.81 21.81 30.76 35.67 39.11
Low 12.72 14.66 24.59 31.21 33.03

EPS Growth

EPS Growth 20242025202620272028
High
95.1%
81.7%
55.9%
30.1%
26.5%
Avg
78.5%
57.9%
41.0%
16.0%
9.6%
Low
64.3%
6.1%
12.8%
1.5%
-7.4%
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.