$182.13
1.36% yesterday
Nasdaq, Aug 11, 10:02 pm CET

First Solar, Inc. Target price 2025 - Analyst rating & recommendation

First Solar, Inc. Classifications & Recommendation:

Buy
84%
Hold
13%
Sell
2%

First Solar, Inc. Price Target

Target Price $216.75
Price $182.13
Potential
Number of Estimates 39
39 Analysts have issued a price target First Solar, Inc. 2026 . The average First Solar, Inc. target price is $216.75. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 45 analysts: 38 Analysts recommend First Solar, Inc. to buy, 6 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the First Solar, Inc. stock has an average upside potential 2026 of . Most analysts recommend the First Solar, Inc. stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2032

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion $ 4.21 5.17
26.75% 22.96%
EBITDA Margin 43.20% 44.33%
20.08% 2.61%
Net Margin 30.72% 31.71%
22.70% 3.23%

40 Analysts have issued a sales forecast First Solar, Inc. 2025 . The average First Solar, Inc. sales estimate is

$5.2b
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. This is
19.08% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$5.8b 32.59%
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, the lowest is
$4.4b 1.76%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $4.2b 26.75%
2025
$5.2b 22.96%
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2026
$6.3b 21.31%
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2027
$7.0b 12.19%
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2028
$7.1b 0.68%
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2029
$7.3b 2.99%
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2030
$7.5b 2.75%
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2031
$7.5b 0.59%
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2032
$7.3b 2.80%
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34 Analysts have issued an First Solar, Inc. EBITDA forecast 2025. The average First Solar, Inc. EBITDA estimate is

$2.3b
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. This is
24.10% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$2.7b 43.47%
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, the lowest is
$1.7b 9.08%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 $1.8b 52.20%
2025
$2.3b 26.18%
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2026
$3.2b 41.65%
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2027
$3.9b 20.44%
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2028
$4.4b 13.19%
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2029
$4.5b 2.37%
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2030
$4.0b 11.76%
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2031
$3.3b 18.23%
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2032
$2.0b 37.91%
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EBITDA Margin

2024 43.20% 20.08%
2025
44.33% 2.61%
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2026
51.77% 16.78%
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2027
55.58% 7.36%
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2028
62.48% 12.41%
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2029
62.10% 0.61%
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2030
53.33% 14.12%
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2031
43.36% 18.69%
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2032
27.70% 36.12%
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40 First Solar, Inc. Analysts have issued a net profit forecast 2025. The average First Solar, Inc. net profit estimate is

$1.6b
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. This is
30.42% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$1.9b 53.14%
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, the lowest is
$1.4b 7.91%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 $1.3b 55.52%
2025
$1.6b 26.93%
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2026
$2.5b 50.56%
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2027
$2.9b 16.60%
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2028
$3.5b 23.14%
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2029
$3.6b 1.28%
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2030
$3.1b 13.54%
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2031
$2.4b 21.60%
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2032
$1.3b 48.51%
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Net Margin

2024 30.72% 22.70%
2025
31.71% 3.23%
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2026
39.35% 24.09%
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2027
40.90% 3.94%
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2028
50.02% 22.30%
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2029
49.19% 1.66%
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2030
41.39% 15.86%
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2031
32.26% 22.06%
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2032
17.09% 47.02%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 12.02 15.29
55.30% 27.20%
P/E 11.91
EV/Sales 3.75

40 Analysts have issued a First Solar, Inc. forecast for earnings per share. The average First Solar, Inc. EPS is

$15.29
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. This is
30.80% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$17.96 53.64%
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, the lowest is
$12.65 8.21%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 $12.02 55.30%
2025
$15.29 27.20%
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2026
$23.02 50.56%
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2027
$26.84 16.59%
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2028
$33.05 23.14%
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2029
$33.48 1.30%
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2030
$28.94 13.56%
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2031
$22.69 21.60%
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2032
$11.68 48.52%
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P/E ratio

Current 15.58 17.61%
2025
11.91 23.56%
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2026
7.91 33.59%
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2027
6.78 14.29%
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2028
5.51 18.73%
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2029
5.44 1.27%
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2030
6.29 15.63%
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2031
8.03 27.66%
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2032
15.59 94.15%
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Based on analysts' sales estimates for 2025, the First Solar, Inc. stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.46 21.89%
2025
3.75 15.97%
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2026
3.09 17.57%
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2027
2.75 10.87%
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2028
2.74 0.68%
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2029
2.66 2.91%
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2030
2.58 2.68%
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2031
2.57 0.58%
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2032
2.64 2.88%
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P/S ratio

Current 4.50 25.34%
2025
3.78 16.02%
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2026
3.11 17.57%
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2027
2.78 10.87%
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2028
2.76 0.68%
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2029
2.68 2.91%
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2030
2.60 2.68%
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2031
2.59 0.58%
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2032
2.66 2.88%
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Current First Solar, Inc. Upgrades & Downgrades

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Analyst Rating Action Date
UBS
Locked
Locked
Locked Aug 05 2025
Susquehanna
Locked
Locked
Locked Aug 01 2025
BMO Capital
Locked
Locked
Locked Aug 01 2025
B of A Securities
Locked
Locked
Locked Jul 22 2025
JP Morgan
Locked
Locked
Locked Jul 22 2025
Susquehanna
Locked
Locked
Locked Jul 21 2025
Jefferies
Locked
Locked
Locked Jul 15 2025
Analyst Rating Date
Locked
UBS:
Locked
Locked
Aug 05 2025
Locked
Susquehanna:
Locked
Locked
Aug 01 2025
Locked
BMO Capital:
Locked
Locked
Aug 01 2025
Locked
B of A Securities:
Locked
Locked
Jul 22 2025
Locked
JP Morgan:
Locked
Locked
Jul 22 2025
Locked
Susquehanna:
Locked
Locked
Jul 21 2025
Locked
Jefferies:
Locked
Locked
Jul 15 2025

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