Argus raised its price target for First Solar (FSLR) to $275 from $250. The firm reiterated its Buy rating for the solar manufacturer.
Analyst John Eade identified the company’s domestic production as a strategic advantage in the current trade landscape. First Solar remains positioned to benefit from the long-term global transition toward clean energy.
Argus noted that regulatory uncertainty has suppressed the stock's valuation despite significant revenue growth. The new $275 target reflects a multiple of 12 times the firm's earnings per share estimate for the coming year.
First Solar recently reported Q1 2026 results, beating earnings per share expectations while slightly missing revenue estimates.