Piper Sandler cuts target for First Solar stock from USD 260 to USD 251
Published on 10/05/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
First Solar stock was trading at EUR 156.70 at Lang & Schwarz on October 5, 2026 at 3:00 p.m. CEST, with plus 0.71 percent versus the EUR 155.60 prior close. According to MarketBeat on September 30, 2026, Piper Sandler cut its target from USD 260.00 to USD 251.00 while keeping an Overweight rating.
Analyst target meets earnings strength
The target reduction contrasts with First Solar's latest operating performance. In the second quarter of 2026, OpenPR reported that net sales reached USD 1.06 billion, down 4.00 percent from the second quarter of 2025, while net income rose to USD 423.0 million from USD 342.0 million.
The same second-quarter release put diluted earnings per share at USD 3.92, compared with USD 3.18 a year earlier. Adjusted EBITDA increased to USD 644.0 million from USD 560.0 million, giving the results a stronger profit comparison than the revenue trend.
Backlog supports the 2026 outlook
First Solar ended June 30, 2026, with gross and net cash of USD 1.7 billion and a contracted sales backlog of 45.1 gigawatts, according to OpenPR. The backlog extends through 2030, while the company maintained its full-year 2026 outlook for net sales of USD 4.9 billion to USD 5.2 billion and adjusted EBITDA of USD 2.6 billion to USD 2.8 billion.
The operating picture therefore has two competing signals: quarterly profitability improved, but sales declined and Piper Sandler lowered its target. The analyst action places greater weight on pricing, project timing and execution than on the second-quarter earnings comparison alone.
Euro quote remains above prior close
At Lang & Schwarz, First Solar was trading at EUR 156.70 on October 5, 2026 at 3:00 p.m. CEST, with plus 0.71 percent versus the EUR 155.60 prior close from October 2, 2026. The primary NASDAQ listing was last at USD 174.61 on October 2, 2026 at 4:00 p.m. ET; the 52-week range was USD 168.60 to USD 320.95 and market capitalization was USD 18.8 billion as of that quote.
The further course of trading is shown by the continuously updated real-time quote of First Solar stock.
First Solar stock facts
- Company: First Solar, Inc.
- ISIN: US3364331070
- Ticker: FSLR
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 5, 2026, 3:00 p.m. CEST): EUR 156.70
- Change versus prior close: plus 0.71 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 155.60
- Market capitalization: USD 18.8 billion (as of October 2, 2026)
- 52-week range: USD 168.60-320.95 (as of October 2, 2026)
- Sector / Industry: Energy / Solar
