First Solar dips as Jefferies downgrades rating to 'hold'

First Solar

07/01/2026 11:32

** Shares of U.S.-based solar panel maker First Solar FSLR.O down 4.7% at $256 premarket

** Jefferies downgrades rating to "hold" from "buy"; cuts PT to $260 from $269

** "We are cautious on FSLR in 2026 due to limited booking visibility and emerging strategic questions," says Jefferies

** Analysts remain more cautious in the near term due to recent project cancellations and lag in translation of policy tailwinds into higher pricing for FSLR

** Brokerage expects tariff-related margin and volume impact to international facilities to remain a "pain point"

** Thirty-four of 41 brokerages rate the stock "buy" or higher, six "hold" and one "sell"; median PT is $284.50- data compiled by LESG

** In 2025, FSLR rose 48.2%

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))