Piper Sandler cuts target for First Solar stock to USD 251.00

Published on 10/01/2026 at 15:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached USD 423 million, up 23.68 percent. First Solar stock costs EUR 156.10 on October 1, 2026, above EUR 154.80.

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First Solar stock (ISIN US3364331070) was trading at EUR 156.10 at Lang & Schwarz on October 1, 2026 at 3:02 p.m. CEST, plus 0.84 percent versus the prior close of EUR 154.80. The latest analyst action was a target reduction: MarketBeat reported on September 30, 2026, that Piper Sandler lowered its target from USD 260.00 to USD 251.00 while keeping an Overweight rating.

Target moves to USD 251.00

The target cut gives the latest market debate a precise benchmark. MarketBeat said the USD 251.00 target implied 41.86 percent upside from the previous Nasdaq close, while its reported consensus target was USD 266.23.

First Solar's shares remain sensitive to policy and pricing assumptions because its earnings depend on domestic manufacturing incentives, project timing and module demand. The company produces cadmium telluride thin-film photovoltaic modules, a business model distinct from conventional crystalline-silicon panel manufacturing.

Second-quarter profit climbed

openPR reported on September 29, 2026, that First Solar generated USD 1.06 billion of net sales in the second quarter of 2026, down 4.00 percent year over year. Net income rose to USD 423 million from USD 342 million in the second quarter of 2025, an increase of 23.68 percent.

Adjusted EBITDA also increased to USD 644 million from USD 560 million, a 15.00 percent gain. The release said the company reaffirmed 2026 net sales guidance of USD 4.9 billion to USD 5.2 billion and adjusted EBITDA guidance of USD 2.6 billion to USD 2.8 billion.

Stock stays above yearly low

On Nasdaq, First Solar was last at USD 175.16 on September 30, 2026 at 4:00 p.m. ET. That value stood 2.55 percent above the USD 170.80 52-week low and below the USD 320.95 high, while the market capitalization was USD 18.8 billion.

Investing.com lists Nasdaq as First Solar's primary exchange and October 29, 2026 as the next earnings date. That date gives the market a defined checkpoint for testing whether the strong profit conversion in the second quarter can continue alongside the lower revenue comparison.

Trading levels and next results

First Solar was trading at EUR 156.10 at Lang & Schwarz on October 1, 2026 at 3:02 p.m. CEST, up 0.84 percent versus the Lang & Schwarz prior close of EUR 154.80. The further course of trading is shown by the continuously updated real-time quote of First Solar stock.