Argus Raises First Solar Price Target to $275 Following Q1 Earnings Beat

Key Facts

1Argus raised its price target for First Solar to $275 from $250, maintaining a buy rating.

2The company reported Q1 2026 earnings per share of $3.22, surpassing analyst expectations.

3First Solar's revenue for the first quarter reached $1.04 billion.

Argus Research has raised its price target for First Solar (FSLR) to $275 from $250, maintaining a buy rating on the stock. The upgrade follows the company's strong Q1 2026 financial results, which featured earnings per share of $3.22, significantly surpassing analyst estimates. First Solar's revenue for the quarter reached $1.04 billion, reflecting robust operational execution.

The upward revision places First Solar in a strong position relative to its peers. Per market data, while competitors like Enphase Energy and SolarEdge have faced fluctuating demand, First Solar continues to benefit from domestic manufacturing incentives and a solid backlog. Analysts noted that the company's specialized thin-film technology provides a competitive moat in the utility-scale solar market compared to traditional silicon-based peers.

Investors are closely monitoring price action following the upgrade. Key catalysts include the Michigan Consumer Sentiment report and a scheduled speech by Fed Governor Cook on May 8, 2026, which may influence broader market liquidity. Traders should watch for support levels established during the recent earnings rally as the sector reacts to upcoming US employment data and inflation expectations.