Needham lifts PT on US solar panel maker First Solar

First Solar

23/02/2026 14:01

** Brokerage Needham raises price target on U.S.-based solar panel maker First Solar FSLR.O to $303 from $286

** The new PT represents an upside of 25.2% to the stock's last close

** Brokerage says it remains constructive on underlying demand and believes the 2026 setup is stronger than the recent noise around costs

** FSLR stands out as the only U.S.-based, scaled thin‑film photovoltaic manufacturer (PV), supported by strong contracted volume visibility and meaningful U.S. clean‑energy manufacturing incentives - Needham

** 34 of 42 brokerage rate the stock "buy" or higher, 7 "hold" and 1 "sell", median PT is $282.5 - LSEG data

** In 2025, FSLR was up 40.1%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))