First Solar, Inc logo

First Solar, IncNasdaq: FSLR

Information Technology · Semiconductors

$273.67

+9.96%

Vol: 1.7M

Research Digest

Tuesday, June 16, 2026

Neutral

No significant overnight updates

No material news in the last 48 hours.

Price 50d 200d

Previous Market Intelligence

13 days
Jun 15No significant overnight updatesNeutral

No material news in the last 48 hours.

Jun 14No significant overnight updatesNeutral

No material news in the last 48 hours.

May 21First Solar inks India partnership with GameChange Solar; CEO Mark Widmar sold $2.6M of stock in mid-MayMixed

On May 19 GameChange Solar and First Solar announced a partnership to deploy First Solar domestically manufactured thin-film modules with GameChange tracker systems for utility-scale Indian solar projects, helping developers comply with India domestic sourcing requirements. Shares surged ~6.7% on the news. However, CEO Mark Widmar sold 11,226 shares across May 11 and May 13 for about $2.63M total, raising governance questions. Shareholders re-elected the 10-member board at the May 13 annual meeting. Q1 2026 EPS of $3.22 beat the $3.08-$2.87 consensus range and 2026 guidance of $4.9-5.2B in net sales was reaffirmed. Risk: CEO selling alongside positive partnership news creates mixed signals; module pricing pressure remains an industry concern.

May 20First Solar partners with GameChange Solar on India thin-film deployment as CEO Widmar sells $2.6M in sharesPositive

First Solar announced a partnership with GameChange Solar on May 19, 2026 to deploy domestically manufactured thin-film solar modules for utility-scale projects in India, pairing FSLRs modules with GameChanges tracker systems. The partnership headline was offset by macro pressure from rising Treasury yields on rate-sensitive renewables. CEO Mark Widmar sold a total of 11,226 shares on May 11 and 13 for approximately $2.63 million. Shareholders re-elected the entire 10-member board at the May 13 AGM and ratified PwC as auditor. Q1 2026 delivered record revenue of $1B (+24% YoY), gross margin of 47%, and EPS of $3.22. Freedom Broker upgraded to Buy on May 5 with a $260 price target. Stock trades near $234.13 with 17 analysts averaging a $243 median target.

May 19No significant overnight updatesNeutral

No material news in the last 48 hours.

May 18First Solar CEO Mark Widmar sold 11,226 shares (~$2.63M) on May 11 and May 13; shareholders reaffirmed board at May 13 annual meeting.Positive

On May 11 and May 13, 2026, First Solar CEO Mark Widmar sold a total of 11,226 shares for approximately $2.63 million at average prices of $230.18-$240.02. On May 13, shareholders re-elected the full ten-member board, ratified PwC as auditor, backed executive pay, and rejected expanded rights to call special shareholder meetings. The stock closed near $233.37, up 6.1% over 7 days and 19.6% over 30 days. Q1 2026 results showed record revenue of $1.04B (+24% YoY) with EPS of $3.22, gross margin expansion of ~6 points to 47%, and net income up 65% YoY. Freedom Broker upgraded FSLR to Buy with a $260 PT on May 5, and Argus raised its target to $275 citing domestic manufacturing advantages.

May 15First Solar CEO Widmar sells $2.6M of stock May 11-13 around $228 amid 2026 annual meeting; Freedom Broker upgrades to Buy with $260 PTMixed

First Solar CEO Mark Widmar sold a combined 11,226 shares May 11-13 for ~$2.63M at prices ranging $230.18-$240.02. CMO Kuntal Verma also sold 3,671 shares for $849,560 on May 11. The company held its 2026 virtual annual meeting on May 13, electing ten directors, ratifying PwC and approving the say-on-pay vote; a stockholder proposal to ease the threshold for calling special meetings was also considered. The stock rose 3.7% on May 12 to $228.06 (+12.1% over one month). Q1 2026 results showed sales of $1.04B and EPS of $3.22 (vs. $3.08), with full-year guidance reaffirmed and potential tariff tailwinds. Freedom Broker upgraded FSLR to Buy with a $260 PT. P/E sits at 13.8x vs. peer 90.8x.

May 14First Solar shares jumped 6.1% to $233.27 on May 11 on Q1 strength; CEO Mark Widmar sold ~$2.6M in stock May 11-13 under 10b5-1 planPositive

First Solar shares climbed 6.1% to $233.27 on May 11 and another 3.7% to $228.06 on May 12, recovering 10.3% on the week. Q1 2026 net sales were $1.04B (up 24% YoY) and net income surged 65% to $347M, with gross margin at 47% on 96% US capacity utilization plus IRA tax benefits. CEO Mark Widmar sold 11,226 shares (~$2.6M) across May 11 and May 13 under a Rule 10b5-1 plan adopted Nov 2025. The company held its 2026 virtual annual meeting on May 13, electing ten directors and ratifying PwC.

May 13First Solar shares rose 3.7% on May 12 to $228.06, continuing post-Q1 momentum after record Q1 sales of $1.04B and 47% gross margin.Positive

First Solar reported record Q1 2026 revenue of $1.04 billion with EPS of $3.22 and gross margin expanding to 47%, driven by record sales in India and near-full utilization of U.S. manufacturing. On May 5, Freedom Broker upgraded to Buy with a $260 PT. Jefferies raised its PT to $199 (Hold) on expected Q2 margin pressure. VP Nathan Theurer sold 31 shares at $218.16 on May 6. Shares are up ~12% over the past month.

May 12First Solar shares surged 6.1% to $233.27 on May 11 amid a strong rebound, with stockholders set to vote at the virtual annual meeting on May 13.Positive

First Solar shares rose 6.1% on May 11, up 10.3% over the past week and 14.7% over the past month, supported by a Q1 EPS beat of $3.22 vs. $3.08 estimate and 24% revenue growth to $1.04B. The 2026 virtual annual shareholder meeting is scheduled for May 13 with director elections, auditor ratification, and a shareholder proposal on special meetings. CEO Mark Widmar sold 1,526 shares for $329,051 on May 4 and several other officers made small insider sales. Valuation remains attractive with a P/E of 14.18 and the stock flagged as undervalued. Sentiment is positive on a constructive industrial outlook.

May 11Freedom Broker upgraded First Solar to Buy on May 5 with $260 PT after record Q1 revenue and 47% gross marginPositive

First Solar delivered record Q1 2026 revenue of $1.04 billion (up 24% YoY) with net income up 65% and gross margin expanding ~6 percentage points to 47%. EPS of $3.22 beat consensus $3.08, although revenue came in slightly below the $1.05B forecast. On May 5, Freedom Broker upgraded the stock to Buy from Hold, raising the PT to $260 from $250. Jefferies maintained Hold but raised PT to $199, citing unchanged full-year guidance amid expected Q2 margin pressure. Multiple insider sales hit in early May including General Counsel Jason Dymbort selling 228 shares at $218.16 on May 6 and Principal Financial Group selling 24,430 shares. Stock closed around $214.57. This matters because record margins and an analyst upgrade are offsetting insider selling and near-term margin caution.

May 8First Solar Q1 revenue up 24% YoY on strong bookings; CEO and executives sell shares as UBS cuts price target.Positive

First Solar reported Q1 2026 revenue of $1.04B (up 24% YoY) with 3.8 GW of module sales and 47.9 GW contracted backlog as of March 31. The company is launching CuRe technology in India next year and shifting 3.5 GW of capacity from Malaysia/Vietnam to U.S. South Carolina finishing line. However, CEO Mark Widmar sold 1,526 shares on May 5 for $329K, and other executives made similar sales on the same date. Freedom Broker upgraded the stock to Buy on May 5, but UBS cut its price target to $290 from higher levels. Over the past six months, the stock fell 18.6%.

May 7First Solar Q1 2026 revenue of $1.04B beats estimates with $3.22 EPS (up 65% YoY), but insider selling accelerates with CEO Widmar selling shares on May 5.Mixed

First Solar reported strong Q1 2026 results with record revenues of $1.04 billion and EPS of $3.22, beating estimates with 23.6% revenue growth YoY and highlighted margin and utilization strength. However, multiple insiders sold shares on May 5: CEO Mark Widmar sold 1,526 shares for $329,051, CMO Kuntal Kumar Verma sold 479 shares for $103,286, and insider Patrick James Buehler sold 235 shares for $50,673. The median analyst price target is $243.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
FSLRFIRST$273.67+9.96%+17.1%11.7x1.69$29.4B
NVDANVIDIA$212.16-3.35%-4.4%16.7x2.20$5.15T
AVGOBROADCOM$393.63-5.05%-6.4%20.4x1.43$1.87T
MUMICRON$1,083.37+42.16%+59.6%9.7x2.17$1.23T
AMDADVANCED$547.20+21.71%+30.0%41.8x2.49$892.4B
INTCINTEL$127.65+7.72%+18.2%82.9x2.23$642.6B

Key Fundamentals

Market Cap$29.4B
P/E (TTM)17.7
Forward P/E11.7
Beta1.69
Div Yield
Prev Close$248.88

RSI (14-Day)

82Overbought
0305070100

52-Week Range

$135.50$273.67$320.95
From High-14.7%
From Low+102.0%

Moving Averages

50d SMA
$205.05+33.5%
200d SMA
$225.15+21.6%

Price above both MAs — bullish structure.

Historical Returns

1W
+17.3%
1M
+43.7%
3M
+21.1%
6M
+6.7%
1Y
+47.0%
YTD
-0.2%

Volume

Today1.7M
20d Avg2.4M
Ratio0.70x