First Solar Gains 'Moderate Buy' Analyst Consensus and Positive Price Target Updates

First Solar holds a "Moderate Buy" consensus rating from thirty-three analysts. The average 12-month price target is $276.76.

Susquehanna recently raised its price target to $292. Royal Bank of Canada also raised its target to $258. This positive sentiment follows the U.S. Patent Office backing protections for TOPCon solar cells. This development reinforces First Solar's competitive position.

First Solar was highlighted as the end-use manufacturer in a North American circular mining supply chain with Rio Tinto. Rio Tinto’s Kennecott operation extracts tellurium, a critical mineral. The tellurium is processed and supplied to First Solar. First Solar uses the material for its thin-film photovoltaic panel manufacturing. This partnership develops a resilient domestic supply chain for essential clean energy materials.