What is FSLR stock price target for 2026?

WallStSmart's 12-month price target for First Solar Inc is $193.45, representing 1.5% upside from the current price of $190.61.

What is FSLR stock forecast?

First Solar Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is FSLR undervalued based on price targets?

Our DCF intrinsic value for First Solar Inc is $277.31, against a current price of $190.61. The margin of safety is 17.88%.

FSLR

First Solar Inc

NASDAQ: FSLR · TECHNOLOGY · SOLAR

$190.61

-2.68% today

Updated 2026-04-29

Market cap

$20.48B

P/E ratio

13.40

P/S ratio

3.92x

EPS (TTM)

$14.22

Dividend yield

—

52W range

$122 – $286

Volume

2.2M

Market cap

$20.48B

P/E ratio

13.40

P/S ratio

3.92x

EPS (TTM)

$14.22

Dividend yield

—

52W range

$122 – $286

Volume

2.2M

First Solar Inc (FSLR) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$190.61

Consensus

$241.74

+26.82%

2030 Target

$1,056.08

+454.05%

DCF

$277.31

+17.88% MoS

Current price

$190.61

Analyst consensus

$241.74

+26.82%

2030 Target

$1,056.08

+454.05%

Intrinsic (DCF)

$277.31

+17.88% MoS

28 analysts:

10 Buy8 Hold1 Sell

Management guidance

Management announced plans for a new 3.7GW U.S. finishing facility to reduce tariff exposure and align with domestic incentives. Recent Q4 2025 earnings showed revenue of $1.68B (+11.1% YoY) but disappointed on 2026 guidance, with multiple analyst downgrades following weak forward sales outlook. No specific CEO revenue targets for 2026-2030 were disclosed in available guidance.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,740.57

$9.3B Rev × 20x P/S

Base case (2030)

$1,056.08

$9.3B Rev × 12x P/S

Bear case (2030)

$704.05

$9.3B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2029 (E)	2030 (E)
Revenue	$3.3B	$4.2B	$5.2B	$5.3B	$6.2B	$8.2B	$9.3B
Revenue growth	—	26.7%	24.1%	1.5%	17.0%	14.6%	14.0%
EPS	$7.74	$12.01	$14.21	$18.59	$24.33	$32.75	$37.40
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$586.71	$684.50	$919.18	$1,056.08

Catalysts & risks

Growth catalysts

+ 3.7GW U.S. finishing facility expansion reducing tariff exposure and leveraging IRA incentives

+ Series 7 module commercial ramp driving utility-scale solar demand

+ Backlog depletion risk offset by new order pipeline and domestic manufacturing positioning

+ Potential margin recovery from tariff mitigation and cost structure optimization

Key risks

- Shrinking backlog and order cancellations signaling demand softness post-IRA cycle

- Intense competition from Chinese manufacturers with lower cost structures

- Heavy reliance on regulatory tailwinds (U.S. Inflation Reduction Act); policy rollback risk

- Cyclical, asset-heavy business model with margin compression in downcycles

- Tesla entering U.S. solar manufacturing introduces new competitive pressure

- Tariff and trade policy uncertainty impacting cost structure and supply chain

Methodology

First Solar Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 28 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.