GLJ Research Upgrades First Solar (FSLR) to Buy

First Solar, Inc. (NASDAQ:FSLR) is one of the 10 Best Debt-Free S&P 500 Stocks to Buy Now.

On May 27, 2026, GLJ Research analyst Gordon Johnson upgraded First Solar, Inc. (NASDAQ:FSLR) to Buy from Hold with a price target of $315, up from $207.82. Johnson cited resolved cancellation risk and the launch of the company’s Series 6 CuRe, or Copper Replacement, at its manufacturing campus in Perrysburg, Ohio.

Earlier in the month, Freedom Broker upgraded First Solar, Inc. (NASDAQ:FSLR) to Buy from Hold with a price target of $260, up from $250, following the Q1 report. Freedom Broker said Section 232 tariffs could bring upside to First Solar’s U.S. business and materially increase domestic demand for the company’s products.

GLJ Research Upgrades First Solar (FSLR) to Buy

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Last month, First Solar, Inc. (NASDAQ:FSLR) reported Q1 EPS of $3.22, ahead of the consensus estimate of $2.98. Revenue totaled $1.04B, below the consensus estimate of $1.05B. CEO Mark Widmar said First Solar delivered a “strong start” to 2026, with record first-quarter revenue, record sales in India, margin expansion, and adjusted EBITDA above the top end of its first-quarter preview range. Widmar also cited the company’s differentiated technology, domestic manufacturing footprint, and independence from Chinese crystalline silicon supply chains.

First Solar, Inc. (NASDAQ:FSLR) provides photovoltaic solar energy solutions in the United States, France, India, Chile, and internationally.

While we acknowledge the risk and potential of FSLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FSLR and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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