Needham Starts First Solar (FSLR) at Buy

Needham analyst Sean Milligan initiates coverage on First Solar (NASDAQ: FSLR) with a Buy rating and a price target of $286.00.

The analyst comments "We initiate coverage of FSLR with a Buy and $286 price target (12x our 2026 EPS of $23.80; cons. $22.86). Post-OBBB, FSLR screens as one of the most policy-advantaged ways to play U.S. utilityscale solar, supported by domestic-content rules for 45Y/48E, FEOC limitations, prospective Section 232 tariffs, AD/CVD actions, and tighter UFLPA enforcement. As the U.S. capacity build-out completes (Louisiana) we see 2026+ FCF inflecting, creating optionality for platform expansion and/or capital returns. Longer term, improved visibility into 2028+ domestic pricing could re-rate earnings power for FSLR’s vertically integrated, U.S.-centric platform."

For an analyst ratings summary and ratings history on First Solar click here. For more ratings news on First Solar click here.

Shares of First Solar closed at $226.85 yesterday.

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