GLJ Research upgraded First Solar (FSLR) from Hold to Buy on May 28, 2026. Analyst Gordon L. Johnson raised the price target to $315.00 from $207.82. This move reverses a downgrade issued by the firm less than three months ago. Shares climbed over 11% in afternoon trading following the news.
The upgrade follows a 97% decline in debookings during the first quarter of 2026. GLJ Research identified this reduction in cancellation risk as a primary driver for the rating change. The firm also views a pending Section 232 decision on polysilicon imports as a positive catalyst for the manufacturer.