First Solar faces a conflicting analyst outlook regarding its 2026 prospects. On January 9, Bank of America raised its price target to $291, viewing 2026 as a "stock-picker's cycle" where individual company performance will be key. Guggenheim also increased its target to $312 on January 8, maintaining a "buy" rating and suggesting a potential upside exceeding 29%.
In contrast, Jefferies downgraded the stock to "Hold" on January 7. This action caused a significant drop in First Solar’s share price.
Jefferies expressed caution about the solar manufacturer's 2026 outlook, citing limited booking visibility, potential challenges from tariff policies, and margin pressures. This flurry of conflicting actions highlights near-term uncertainty, despite long-term optimism tied to the Inflation Reduction Act.