First Solar's Hold Rating Reaffirmed by Analysts

Glj Research maintains a Hold rating on the solar cell manufacturer's stock despite lowering its price target.

Published on Mar. 4, 2026

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First Solar (NASDAQ:FSLR)'s stock had its "hold" rating reaffirmed by Glj Research in a research report on Wednesday. The analysts lowered their price target on the stock from $314.43 to $207.82, still suggesting a potential upside of 5.21% from the company's previous close. The report cited concerns over near-term margin and pricing headwinds for First Solar.

Why it matters

First Solar is one of the leading solar cell manufacturers in the United States, so changes to analyst ratings and price targets can impact investor sentiment and the overall solar industry. The reaffirmed Hold rating, despite a significant price target reduction, suggests analysts see longer-term upside potential in the stock but are cautious about near-term challenges.

The details

Glj Research cited several factors in their updated research on First Solar, including a downgrade from Deutsche Bank and price target cuts from other analysts like Morgan Stanley and Barclays. The analysts noted that First Solar's recent Q4 earnings missed consensus estimates and the company issued weak 2026 sales guidance, which contributed to the recent decline in the stock price. Additionally, multiple senior insiders at First Solar, including the CEO and CFO, sold sizable blocks of shares on March 3rd, further weighing on investor sentiment.

  • First Solar reported Q4 2025 earnings on February 24, 2026.
  • Multiple First Solar insiders sold shares on March 3, 2026.

The players

Glj Research

An equity research firm that covers First Solar and has reaffirmed a Hold rating on the stock.

Deutsche Bank

An investment bank that downgraded First Solar from Buy to Hold and lowered its price target.

Mark Widmar

The CEO of First Solar who sold a sizable block of shares on March 3, 2026.

Alexander Bradley

The CFO of First Solar who sold a sizable block of shares on March 3, 2026.

Markus Gloeckler

The CTO of First Solar who sold a sizable block of shares on March 3, 2026.

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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 reaffirmed Hold rating on First Solar's stock, despite a significant price target reduction, suggests analysts see longer-term potential in the company but are cautious about near-term challenges related to margins, pricing, and sales guidance. The insider selling and legal/reputational risks also weigh on investor sentiment around the stock.