Wells Fargo Cuts First Solar Price Target to $255

Analysts cite concerns over revenue guidance and policy uncertainty

Published on Feb. 26, 2026

Got story updates? Submit your updates here. ›

Wells Fargo & Company has lowered its price target for First Solar (NASDAQ:FSLR) from $285 to $255, citing weaker-than-expected revenue guidance for 2026 and ongoing policy uncertainty around tariffs and trade. The solar cell manufacturer's stock has faced selling pressure in recent weeks as investors focused on the EPS miss in Q4 and the company's cautious outlook.

Why it matters

First Solar is a major player in the U.S. solar industry, so changes to its financial outlook and analyst views can impact investor sentiment and the broader solar market. The company's guidance and commentary around policy risks have raised concerns about near-term headwinds that could affect its growth trajectory.

The details

In a research note, Wells Fargo analysts decreased their price target on First Solar from $285 to $255, while maintaining an "overweight" rating on the stock. The analysts cited First Solar's weaker-than-expected revenue guidance for fiscal year 2026, which the company projected to be in the range of $4.9 billion to $5.2 billion, well below the consensus estimate of around $6.2 billion. Investors also reacted negatively to the company's Q4 earnings miss and management commentary about the potential impact of tariffs and trade policy uncertainty on its business.

  • First Solar reported Q4 2025 earnings on February 24, 2026.
  • The company provided its fiscal year 2026 revenue guidance on February 24, 2026.

The players

Wells Fargo & Company

A major U.S. financial services company that provides research coverage on First Solar.

First Solar (NASDAQ:FSLR)

A leading U.S. solar technology company that designs and manufactures thin-film photovoltaic modules.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The downward revision to First Solar's price target by Wells Fargo highlights the near-term uncertainty facing the company due to policy risks and weaker-than-expected revenue guidance. Investors will be closely watching for any further clarity from the company on these issues as it navigates the evolving solar market landscape.