First Solar Inc. (NASDAQ:FSLR) is one of the best solar energy stocks to buy right now. On October 31, Jefferies raised its price target on First Solar Inc. (NASDAQ:FSLR) to $269, keeping a Buy rating despite recent uncertainty caused by BP canceling contracts for 6.6 gigawatts of solar panels. First Solar is now pursuing new deals at higher rates, around $0.36 per watt, supported by favorable U.S. trade policies and market conditions.
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Jefferies views the contract cancellations as a potential upside if First Solar can rebook at better prices. While near-term volume projections for 2026 and 2027 have been trimmed, the firm expects stronger pricing from 2028 onward. The company’s financial health remains solid, with a strong balance sheet and manageable debt levels.
On October 30, First Solar shared its third-quarter results for 2025, revealing a blend of positives and setbacks. The company posted $1.59 billion in revenue, edging past analyst expectations, thanks to a record shipment of 5.3 gigawatts. However, earnings per share landed at $4.24, slightly under the projected $4.27, mainly due to temporary underutilization costs that affected margins.
First Solar Inc. is a solar energy company that designs, manufactures, and sells advanced thin-film solar panels for generating electricity. It focuses on producing responsibly-made, high-performance PV modules and is a key player in the global solar technology industry, with manufacturing facilities in the United States.
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This article is originally published at Insider Monkey.
