JPMorgan cuts target to USD 252 for First Solar stock

Published on 10/20/2026 at 21:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Solar reported USD 1.06 billion in second-quarter 2026 sales. First Solar stock costs EUR 155.70 at Lang & Schwarz on October 20, 2026.

Analyst target and earnings date

JPMorgan cut its First Solar target to USD 252.00 from USD 256.00 on October 19, 2026.
Second-quarter 2026 sales reached USD 1.06 billion, while net income rose to USD 423.00 million.
First Solar stock traded at EUR 155.70 at Lang & Schwarz on October 20, 2026 at 9:19 p.m. CEST.
First Solar is scheduled to report third-quarter 2026 results on October 29, 2026.

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JPMorgan cut its price target for First Solar from USD 256.00 to USD 252.00 while maintaining an Overweight rating in a research note dated October 19, 2026, as Fidelity reported. First Solar stock was trading at EUR 155.70 at Lang & Schwarz on October 20, 2026 at 9:19 p.m. CEST.

Second-quarter profit sets the backdrop

First Solar reported USD 1.06 billion in second-quarter 2026 sales, down 4.00 percent from the same quarter of 2025, according to a release carried by openPR on September 29, 2026. Net income reached USD 423.00 million, compared with USD 342.00 million a year earlier, while adjusted EBITDA increased to USD 644.00 million from USD 560.00 million.

The contrast between lower sales and higher earnings gives the analyst revision a specific backdrop. First Solar also reported a contracted backlog of 45.10 gigawatts as of June 30, 2026, with deliveries scheduled through 2030. The company said cumulative global module sales had surpassed 100 gigawatts.

Price position and valuation

The latest structured market quote placed First Solar at a USD 18.8 billion market capitalization on October 20, 2026. Its USD 168.60 to USD 320.95 52-week range leaves the stock near the lower end of that span, while the trailing P/E ratio stood at 10.79. The Nasdaq listing and FSLR symbol are identified in the MarketBeat company record.

JPMorgan's USD 252.00 target remains materially above the latest USD 174.65 Nasdaq quote at 7:24 p.m. UTC on October 20, 2026, but the target was reduced from USD 256.00. The upcoming reporting date is October 29, 2026, when First Solar is scheduled to publish third-quarter results.

Comparison with peers

First Solar: 10.79 P/E, USD 18.8 billion market capitalization. Enphase Energy (NASDAQ, USD): 31.89 P/E, USD 4.2 billion market capitalization. SolarEdge Technologies (NASDAQ, USD): minus 7.14 P/E, USD 2.0 billion market capitalization.

What the next report will test

The next earnings release will put the USD 4.9 billion to USD 5.2 billion full-year 2026 sales outlook against the second-quarter sales base. It will also show whether the 45.10 gigawatt backlog is translating into stronger cash generation as manufacturing capacity expands.

First Solar stock after hours

First Solar develops and manufactures cadmium telluride thin-film photovoltaic modules for utility-scale and other solar customers, according to the company website. The business combines a large contracted backlog with exposure to module pricing, manufacturing credits and customer delivery timing.

The further course of trading is shown by the continuously updated real-time quote of First Solar stock.