Jefferies Cuts FSLR Target Amid Margin Pressures
Watch: Q1 2026 utilization rates and capacity guidance will clarify if underutilization is temporary, impacting margin recovery and validating long-term growth potential.
Full analysis
Jefferies cut First Solar’s price target from $205 to $187 on April 7, maintaining a Hold rating due to rising logistics costs and Middle East conflict impacting near-term margins. First Solar reported $5.2B revenue for FY 2025, up 24% YoY, but FY 2026 guidance of $4.9B-$5.2B implies flat to declining sales. The stock has dropped over 16% since Q4 2025 earnings, reflecting execution and margin concerns despite strong long-term demand signals.
The cut signals rising costs and uncertain near-term margins may pressure profitability and delay the realization of long-term growth, risking further valuation setbacks amid geopolitical uncertainty.
Evidence
Get alerted when FSLR changes direction
We'll email you when our AI detects a shift — reversals, insider clusters, filing red flags.