BofA Hikes First Solar Target (FSLR) to $291, Eyeing a 2026 Stock-Picker’s Cycle

First Solar Inc. (NASDAQ:FSLR) is one of the cheap stocks to buy for the next 3 years. On January 9, Bank of America raised the firm’s price target on First Solar to $291 from $255 and kept a Buy rating on the shares. Looking toward 2026, BofA described the upcoming period as a stock-picker’s cycle rather than a solar-beta cycle. This suggests that broad sector trends will no longer lift all boats; instead, success will depend on individual company performance.

A day before that, Guggenheim raised the firm’s price target on First Solar Inc. (NASDAQ:FSLR) to $312 from $289, while keeping a Buy rating on the shares. This sentiment was posted as the firm noted that the potential for significantly disruptive policy and trade developments should not be discounted, particularly regarding the possible implementation of Section 232 tariffs.

BofA Hikes First Solar Target (FSLR) to $291, Eyeing a 2026 Stock-Picker’s Cycle

Additionally, on January 7, Jefferies downgraded First Solar from Buy to Hold while lowering its price target to $260 from $269. The firm expressed caution regarding the company’s 2026 outlook and cited limited booking visibility and emerging strategic questions. The firm noted that the anticipated Section 232 tariff tailwinds may underwhelm investor expectations due to potential carve-outs for Germany that could dilute pricing benefits, combined with developers moving ahead of duties.

First Solar Inc. (NASDAQ:FSLR) is a solar technology company that provides photovoltaic/PV solar energy solutions in the US, France, India, Chile, and internationally.

While we acknowledge the potential of FSLR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FSLR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.