First Solar, Inc. (FSLR)

In the past six months, First Solar's stock has been impacted by strong first-quarter 2026 financial results, with an EPS of $3.22 and revenue of $1.04 billion. Analysts maintained or upgraded their ratings, citing the company's strong backlog and potential for a Section 232 tariff decision on polysilicon. Second-quarter guidance came in weaker due to seasonality. Insider selling occurred in May 2026. The stock has delivered a 60% return over the past year.

Demand for solar products and services exhibits seasonality, with peak production during the summer months and a dip in the winter months. First Solar's second-quarter 2026 guidance, which was weaker than expected, was attributed primarily to seasonality rather than a decline in demand.

First Solar, Inc. is an American solar technology and manufacturing company specializing in photovoltaic (PV) solar energy solutions. It is the world's largest thin-film solar module manufacturer, producing modules like the Series 6 Plus and Series 7. The company also provides turn-key PV solar power systems, including project development, engineering, procurement, construction (EPC), and operations and maintenance (O&M) services.

First Solar is headquartered in Phoenix, Arizona, and has manufacturing facilities in the United States, Malaysia, Vietnam, and India. As of March 2026, its domestic nameplate capacity in the U.S. was approximately 14 GW, with plans to increase annual domestic capacity to over 17 GW by 2027. Its sales markets include the U.S., France, India, Chile, EMEA, and Asia.

First Solar emphasizes its commitment to "Responsible Solar," focusing on employee treatment, environmental impact management, and eco-efficient solar technology. Positive sentiment around First Solar's brand is inferred from analyst upgrades and positive financial results. In May 2026, Freedom Broker upgraded First Solar's stock rating to "Buy," and Goldman Sachs raised its price target.

First Solar's ownership is primarily composed of institutional investors, with a smaller portion held by insiders and individual investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Significant individual owners include the Estate of John T. Walton, Lukas T. Walton, and Michael J. Ahearn.