First Solar stock falls 4.07 percent as GLJ cuts its target

First Solar stock was trading at USD 184.15 on Nasdaq on September 24, 2026, down 4.07 percent during the session. The move followed a September 23 analyst update in which GLJ Research kept a Buy rating but cut its price target from USD 315.00 to USD 250.00, as TradingView reported.

GLJ cuts target by USD 65

The target reduction equals USD 65.00 per share, or 20.6 percent, while the new USD 250.00 target stands 35.8 percent above the September 24 price. GLJ's unchanged Buy rating therefore contrasts with a materially lower valuation marker.

The stock's intraday range was USD 181.61 to USD 190.00 on September 24, leaving the price USD 2.48 above the 52-week low of USD 181.67 and USD 136.80 below the 52-week high of USD 320.95. The 42.6 percent gap to the yearly high shows how much policy and sector risk remains embedded in the chart.

Q2 profit beats consensus

First Solar reported second-quarter 2026 diluted EPS of USD 3.92, compared with USD 2.90 consensus, a USD 1.02 beat equal to 35.2 percent. The result also exceeded the USD 3.18 EPS reported for the comparable quarter of 2025.

Revenue reached USD 1.06 billion in the quarter, down 3.4 percent year over year, according to MarketBeat. The split between rising EPS and declining sales makes margin performance more important than revenue growth for the current investment case.

Stock stays near yearly low

First Solar's market capitalization stood at USD 19,790,561,276 on September 24, 2026. At USD 184.15, the stock was 1.4 percent above its 52-week low and 42.6 percent below its 52-week high, placing the analyst target in a demanding recovery scenario rather than a near-term chart confirmation.

The immediate market signal is therefore mixed in measurable terms: the latest quarterly EPS beat consensus by USD 1.02, yet the share price was down 4.07 percent in intraday trading and remained far below its yearly peak.