$185.03
8.51% day before yesterday
Nasdaq, Jul 03, 10:54 pm CET
ISIN
US3364331070
Symbol
FSLR

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 $202.98
Price $185.03
Potential
Number of Estimates 37
37 Analysts have issued a price target First Solar, Inc. 2026 . The average First Solar, Inc. target price is $202.98. 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 5.15
26.75% 22.39%
EBITDA Margin 43.20% 43.96%
20.08% 1.75%
Net Margin 30.72% 31.65%
22.70% 3.04%

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

$5.1b
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. This is
20.94% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$5.8b 35.29%
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, the lowest is
$4.4b 3.84%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $4.2b 26.75%
2025
$5.1b 22.39%
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2026
$6.2b 21.13%
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2027
$7.0b 12.11%
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2028
$7.1b 1.37%
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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
23.54% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$2.7b 44.73%
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, the lowest is
$1.7b 8.28%
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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 24.53%
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2026
$3.2b 42.64%
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2027
$3.9b 20.29%
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2028
$4.4b 14.04%
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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
43.96% 1.75%
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2026
51.76% 17.74%
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2027
55.54% 7.30%
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2028
62.48% 12.50%
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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
28.82% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$1.9b 52.22%
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, the lowest is
$1.3b 1.78%
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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 26.12%
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2026
$2.4b 50.07%
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2027
$2.9b 19.70%
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2028
$3.5b 21.10%
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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
31.65% 3.04%
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2026
39.21% 23.89%
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2027
41.87% 6.78%
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2028
50.02% 19.47%
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2029
49.18% 1.68%
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2030
41.38% 15.86%
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2031
32.25% 22.06%
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2032
17.09% 47.01%
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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 15.19
55.30% 26.37%
P/E 12.18
EV/Sales 3.79

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

$15.19
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. This is
29.17% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$17.96 52.72%
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, the lowest is
$12.01 2.13%
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.

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

Earnings Per Share

2024 $12.02 55.30%
2025
$15.19 26.37%
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2026
$22.80 50.10%
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2027
$27.29 19.69%
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2028
$33.05 21.11%
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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 15.73 33.42%
2025
12.18 22.59%
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2026
8.11 33.42%
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2027
6.78 16.40%
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2028
5.60 17.40%
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2029
5.53 1.25%
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2030
6.39 15.55%
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2031
8.15 27.54%
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2032
15.84 94.36%
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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 4.58 28.33%
2025
3.79 17.26%
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2026
3.13 17.45%
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2027
2.79 10.80%
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2028
2.75 1.35%
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2029
2.67 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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P/S ratio

Current 4.66 31.15%
2025
3.85 17.31%
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2026
3.18 17.45%
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2027
2.84 10.80%
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2028
2.80 1.35%
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2029
2.72 2.90%
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2030
2.65 2.68%
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2031
2.63 0.58%
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2032
2.71 2.87%
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Current First Solar, Inc. Upgrades & Downgrades

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Analyst Rating Action Date
RBC Capital
Locked
Locked
Locked Jul 01 2025
Jefferies
Locked
Locked
Locked Jun 11 2025
Mizuho
Locked
Locked
Locked Jun 02 2025
Jefferies
Locked
Locked
Locked May 23 2025
Goldman Sachs
Locked
Locked
Locked May 19 2025
Wolfe Research
Locked
Locked
Locked May 13 2025
Goldman Sachs
Locked
Locked
Locked May 13 2025
Analyst Rating Date
Locked
RBC Capital:
Locked
Locked
Jul 01 2025
Locked
Jefferies:
Locked
Locked
Jun 11 2025
Locked
Mizuho:
Locked
Locked
Jun 02 2025
Locked
Jefferies:
Locked
Locked
May 23 2025
Locked
Goldman Sachs:
Locked
Locked
May 19 2025
Locked
Wolfe Research:
Locked
Locked
May 13 2025
Locked
Goldman Sachs:
Locked
Locked
May 13 2025

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