Mizuho Reiterates Buy Rating on First Solar, Inc.

Mizuho analyst Maheep Mandloi maintains a buy rating on First Solar with a $300 price target.

Written by EarningsIQ · Published Jun 15, 2026, 2:01 PM EDT · Updated Jun 16, 2026, 3:01 PM EDT

Key Points

Mizuho reiterated its buy rating on First Solar, Inc. (FSLR) with a $300 price target on June 15, 2026.
First Solar's stock trades at $267.31, with a market cap of $28.7 billion, a P/E ratio of 17.3, and a 52-week range of $135.5 to $320.95.
Recent analyst actions include UBS maintaining a $330 target and GLJ Research upgrading to buy with a $315 target.

On June 15, 2026, Mizuho reiterated its buy rating on First Solar, Inc. (NasdaqGS: FSLR) and set a price target of $300. Analyst Maheep Mandloi continues to see potential in the solar technology company, which currently trades at $267.31.

First Solar Stock Snapshot

Shares of First Solar, Inc. (NasdaqGS: FSLR) are trading at $267.31. The company boasts a market cap of approximately $28.7 billion and a P/E ratio of 17.3. Its forward P/E is even more attractive at 11.4, indicating potential future earnings growth. The stock has a beta of 1.692, suggesting it is somewhat more volatile than the market. Over the past year, First Solar's stock has ranged from a low of $135.5 to a high of $320.95. The 50-day moving average is $231.36, while the 200-day moving average stands at $231.94. The company's current ratio is 2.557, reflecting strong liquidity.

Recent Earnings

First Solar reported revenue of approximately $5.42 billion, with a notable growth rate of 23.6%. The company's net margin is a healthy 30.7%, and it achieved a return on equity of 18.4%. The next earnings report is scheduled for July 30, 2026.

Insider Buying and Selling at First Solar, Inc.

Recent insider transactions at First Solar include planned sales by several executives. On June 2, 2026, Chief Product Officer Patrick Buehler sold 3,000 shares at $302 each. Chief People and Communications Officer Caroline Stockdale sold 10,628 shares on May 28 at $275.6 per share. CEO Mark Widmar executed multiple planned sales in late May, totaling over 11,000 shares at various prices, all under Rule 10b5-1 plans.

Analysts Set New Price Targets

On June 15, 2026, Mizuho maintained its buy rating on First Solar with a $300 price target. UBS also recently maintained a buy rating, setting a higher target of $330 on June 11. Earlier, on May 28, GLJ Research upgraded the stock to a buy with a $315 target. The consensus among 26 analysts remains a buy, with an average target price of approximately $245.77.

About First Solar, Inc.

First Solar, Inc. is a leading solar technology company based in Phoenix, Arizona. It specializes in photovoltaic (PV) solar energy solutions and manufactures thin-film solar modules. The company serves a diverse range of clients, including system developers, power producers, and utilities, across the United States and internationally. Founded in 1999 and led by CEO Mark Widmar, First Solar employs about 7,900 people.

Bottom Line

Mizuho's reaffirmation of its buy rating on First Solar highlights continued confidence in the company's growth prospects. With a market cap nearing $29 billion and a forward P/E ratio suggesting future earnings growth, First Solar remains a key player in the solar industry. Investors and analysts alike will be watching closely as the company approaches its next earnings report in late July.