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Business · Stock markets · published 2026-10-08 · via MarketBeat

Goldman Sachs Trims First Solar Target but Stays Bullish

Image via MarketBeat
Image via MarketBeat

Goldman Sachs cut its First Solar price target to $272 from $310 while maintaining a buy rating. The revised target still points to about 51% upside from the reported $180.13 share price. First Solar beat quarterly EPS expectations, though revenue fell 3.4% year over year, and insiders sold $3.76 million of shares in the latest quarter.

Expanded Detail

Goldman's revised target still sits above the consensus average of $264.97, while peer targets span $251 to $324. Analyst ratings include 22 buys, 11 holds, two strong buys and two sells, yielding a Moderate Buy consensus.

First Solar's latest quarter showed EPS of $3.92 against a $2.90 estimate, but revenue slipped 3.4% to $1.06 billion. Institutions hold 92.08%, and insider transactions totaled $3.76 million in sales. The stock opened at $180.13.

Context

Goldman's target cut may influence investor sentiment toward First Solar, potentially affecting shareholders, employees, and suppliers tied to solar manufacturing. A maintained buy rating and high institutional ownership could keep attention on the company despite revenue decline and insider sales. Broader solar adoption may be indirectly shaped if capital flows and valuations shift, though policy and market factors remain outside this analyst update.

Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “First Solar (NASDAQ:FSLR) Stock Price Target Lowered at The Goldman Sachs Group.” Browse more stories.