First Solar, Inc. (FSLR) 2026 Guidance Disappoints Wall Street Firms, Triggers Downgrades

First Solar, Inc. (NASDAQ:FSLR) is one of the best solar stocks to buy now. First Solar (NASDAQ:FSLR) has a consensus rating of Moderate Buy from 24 analysts. The 12-month price target averages $251.49, ranging from $150 to $312, implying a potential 25.8% upside from its current price of $199.86.

On February 26, analysts at Deutsche Bank downgraded First Solar, Inc. to Hold from Buy and lowered the price target to $245 from $300. According to the analysts, the downgrade reflects disappointment over the company reportedly missing fourth-quarter earnings estimates by 6%.

The company delivered fourth-quarter revenue of $1.7 billion, an increase of $0.1 billion year over year. The increase was driven by a higher volume of modules sold as full-year net sales increased 24% to $5.2 billion. Fourth-quarter net income per diluted share totaled $4.84, and the full-year total was $14.21 per diluted share.

Jefferies also lowered its price target for the stock to $205 from $260, citing concerns about the company’s forward-looking guidance as the reason for the reassessment. According to the research firm, the company’s 2026 guidance fell short of expectations having already been reduced. First Solar projected 2026 revenue of $4.9–$5.2 billion, which is 17% below analysts’ estimates.

Nextpower (NXT) Announces Multi-Year Supply Agreement With Jinko Solar for Gigawatt-Scale Steel Frames

A production line equipment assembling solar modules. Photo from T1 Energy

First Solar, Inc. (NASDAQ:FSLR) leads US photovoltaic solar solutions, specializing in cadmium telluride thin-film modules. As the largest US solar manufacturer, it supplies utility-scale, eco-efficient plants focused on reducing carbon emissions.

While we acknowledge the potential of FSLR as an investment, 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 the cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Blue Chip Stocks to Buy for the Long Term.

Disclosure: None.  Follow Insider Monkey on Google News.