Wells Fargo Analysts Cut First Solar Price Target

Solar cell manufacturer's stock rating remains 'overweight' despite reduced price target.

Published on Feb. 26, 2026

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Wells Fargo & Company analysts have decreased their price target for First Solar (NASDAQ:FSLR) stock from $285.00 to $255.00, citing factors such as the solar cell manufacturer's recent earnings report. However, the analysts maintained their 'overweight' rating on the company's stock.

Why it matters

First Solar is a major player in the solar energy industry, and changes to its stock price target can impact investor sentiment and the company's overall market position. The reduced price target suggests some near-term challenges, but the continued 'overweight' rating indicates analysts still see long-term growth potential for the company.

The details

In a research note, Wells Fargo analysts cited First Solar's recent earnings report, which showed the company missing analysts' consensus estimates. The analysts decreased their price target for First Solar's stock from $285.00 to $255.00, but maintained their 'overweight' rating on the company's shares.

  • The research note was issued on Thursday, February 26, 2026.

The players

Wells Fargo & Company

A major American multinational financial services company that provides various banking, investment, and mortgage products and services.

First Solar (NASDAQ:FSLR)

A United States-based solar technology company that designs and manufactures thin-film photovoltaic (PV) modules using cadmium telluride (CdTe) semiconductor technology.

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The takeaway

While the reduced price target suggests some near-term challenges for First Solar, the continued 'overweight' rating from Wells Fargo indicates analysts still see long-term growth potential for the company as a major player in the solar energy industry.