First Solar stock gains 1.45 percent after Q2 profit rises

Published on 10/04/2026 at 19:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Solar stock closed at USD 174.61 on October 2, 2026, while its 52-week high stood at USD 320.95. Q2 revenue reached USD 1.06 billion and backlog 45.1 GW through 2030.

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First Solar stock (ISIN US3364331070) closed at USD 174.61 on Nasdaq on October 2, 2026, gaining 1.45 percent for the session. The move followed the company's second-quarter report, which showed higher profit, a 45.1 GW contracted backlog and unchanged full-year guidance.

Profit rises despite lower sales

According to IssueWire on September 24, 2026, First Solar reported second-quarter net sales of USD 1.06 billion, down 4 percent from the second quarter of 2025. Net income reached USD 423 million, compared with USD 342 million in the prior-year quarter, while diluted earnings per share rose to USD 3.92 from USD 3.18.

The operating mix was notably stronger than the revenue line. Gross margin reached 57 percent, up 12 percentage points year over year, and adjusted EBITDA rose to USD 644 million from USD 560 million, according to IssueWire.

Backlog supports the outlook

First Solar entered the quarter with a contracted backlog of 45.1 GW valued at USD 13.6 billion, with scheduled deliveries extending through 2030. The company also maintained its 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, as IssueWire reported.

The backlog gives First Solar visibility beyond the next quarter, but the guidance range also leaves policy and tariff assumptions central to the earnings case. The company said its 2026 outlook includes a net tariff impact of USD 60 million to USD 80 million.

Analysts see a wide valuation gap

MarketBeat lists a Moderate Buy consensus based on 37 analysts, with an average price target of USD 266.23, a high target of USD 330.00 and a low target of USD 150.00. The average target lies 52.5 percent above the October 2 price of USD 174.61, according to MarketBeat.

Analyst views are not uniformly higher. Piper Sandler maintained a Buy rating while lowering its price target from USD 260.00 to USD 251.00 on September 30, 2026, according to Investing.com.

Stock stays below yearly high

First Solar's USD 174.61 closing price was 45.6 percent below its Nasdaq 52-week high of USD 320.95 and USD 5.01 above the 52-week low of USD 168.60 on October 2, 2026. Market capitalization stood at USD 18.8 billion on the same date.