First Solar stock holds firm after a tariff-driven reset
Published on 09/01/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
First Solar Inc. (US3364331070) is still being priced against a mixed 2026 setup, with the shares valued at $21.69 billion and the latest session showing a 52-week range of $182.99 to $320.95. The stock also changed hands at $201.90 at the open on September 1, 2026, while the most recent company quarter delivered $3.92 in EPS on $1.06 billion of revenue.
Washington's Section 232 solar tariff move on August 6, 2026, set a $0.38-per-watt minimum import price on finished modules and a 15% tariff on certain polysilicon derivatives, with the policy set to take effect on December 4, 2026. That matters for First Solar because the company has said new contract bookings should carry higher average selling prices while a large part of its existing backlog was signed before the tariff change.
Tariffs and backlog
The latest earnings call backdrop still centers on execution. First Solar reaffirmed full-year shipments of 17 GW to 18.2 GW and pointed to a contracted backlog of 45.1 GW worth $13.6 billion through 2030, according to recent reporting on the call.
That backlog gives the company a longer revenue runway than a single quarter would suggest, but it also shows why investors are tying the stock to policy, pricing, and delivery timing. The same reporting said gross margin ran near 57% in the second quarter and adjusted EBITDA reached $644 million.
Consensus stays constructive
Sell-side expectations remain supportive even after the stock's pullback from its high. One recent market snapshot put the consensus rating at Moderate Buy with an average target of $266.27, while another reported the shares at 12.45 times earnings and a market capitalization of $21.69 billion.
The comparison is concrete: at $201.90, the stock sits below the $266.27 consensus target and also below its 52-week high of $320.95. That gap is the key valuation question now, especially after the second-quarter EPS beat of $1.02 versus the $2.90 estimate.
Product line
First Solar's thin-film module business remains the core product story behind the numbers. The company is still using its manufacturing footprint and backlog to turn policy shifts into higher pricing power rather than a one-quarter spike.
Stock level
First Solar stock traded at $201.90 on September 1, 2026, with a market capitalization of $21.69 billion and a 52-week range of $182.99 to $320.95. That leaves the shares below the consensus target area but still well above the yearly low.
Fact box
Company: First Solar Inc.
ISIN: US3364331070
Ticker: FSLR
Exchange: Nasdaq
Price (as of September 1, 2026, 9:28 a.m. ET): $201.90 USD
Market cap: $21.69 billion (as of September 1, 2026)
Sector / Industry: Information Technology / Semiconductors and Semiconductor Equipment
Index membership: Nasdaq-100
Next earnings date: September 1, 2026
Investor note
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