First Solar (NASDAQ: FSLR) Stock Performance and Analyst Outlook Ahead of Q1 2026 Earnings

• Analysts have lowered price targets for First Solar (NASDAQ: FSLR) due to concerns over rising logistics costs.
• First Solar is set to report Q1 2026 earnings with strong projections for revenue and EPS.
• Despite growth forecasts, First Solar's stock has shown recent weakness, declining 26% year-to-date.

First Solar is a major American company that designs and manufactures solar panels. As a leading producer of solar technology in the United States, it plays a key role in the renewable energy industry. The company currently has a market capitalization, which is the total value of all its shares, of approximately $20.68 billion.

On April 21, 2026, Barclays analyst Christine Cho lowered her price target for First Solar to $213.00 from a previous target of $228.00. A price target is an analyst's estimate of a stock's future value. When this target was set, the stock's price was $192.49, meaning the new target represented a potential increase of about 10.66%.

This sentiment is shared by other analysts. As highlighted by 24/7 Wall St., Jefferies analyst Julien Dumoulin-Smith also trimmed the price target for First Solar to $187.00. The change reflects concerns that rising logistics costs, driven by global events, could negatively affect the company's short-term profitability or margins.

These analyst adjustments come just before a key event for the company. First Solar is scheduled to report its first-quarter 2026 financial results on April 30, 2026. Investors are watching closely, as analysts expect the company to report earnings of $2.80 per share (EPS) on revenue of $1.05 billion, a significant increase from the previous year.

Despite strong growth projections, the stock has shown recent weakness. In a recent session, First Solar shares fell 2.7% to $195.20, a performance that lagged the S&P 500, as highlighted by Zacks. The stock has declined 26% since the start of the year, showing investor caution ahead of the upcoming earnings announcement.