Morgan Stanley Raises First Solar (FSLR) Price Target to $326

Morgan Stanley has reiterated its Overweight rating on First Solar, Inc. with a price target increase to $326 on October 14, 2026, a 87.58% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:21 PM EDT

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Morgan Stanley raised its price target on First Solar, Inc. ($FSLR) to $326 from $323 on October 14, 2026, and rates the stock "Overweight".

Since the rating, $FSLR is down 3.6% to date (from the $179.08 close on Oct 14, 2026).

FSLR First Solar, Inc.

$172.64 -37.07% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley has maintained its Overweight rating on First Solar, increasing the price target from $323 to $326 on October 14, 2026.
Morgan Stanley's $326 price target implies 87.58% upside from First Solar, Inc.'s ($FSLR) current $173.79 share price.
As of October 16, 2026, First Solar shares are trading at $173.79, significantly below the mean price target of $274.77 set by analysts.
The company has a market cap of about $19.2 billion and is not currently paying a dividend.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated First Solar, Inc. alert may contain errors. Disclosures

Morgan Stanley has reiterated its Overweight rating on First Solar, Inc. (FSLR) and raised its price target from $323 to $326 on October 14, 2026. This decision comes as the company navigates challenges in the solar sector, with recent earnings showing a revenue decrease of 3.7% year-over-year.

Other Institutional Activity in First Solar

Several other institutional investors have also adjusted their positions in First Solar. Blackrock Inc. grew its holdings by 207,326 shares, bringing its total to 14,029,065 shares valued at about $2.42 billion. Vanguard Capital Management LLC added 48,200 shares, increasing its stake to 6,836,941 shares worth around $1.18 billion. Meanwhile, State Street Corporation increased its holdings by 291,194 shares, ending with 5,576,026 shares valued at approximately $962.6 million. Capital World Investors made a significant move, adding 2,054,320 shares to reach a total of 4,114,639 shares worth about $710.4 million.

First Solar, Inc. Stock Down 3.0%

As of October 16, 2026, First Solar shares traded recently around $173.79. This price is below both the 50-day and 200-day moving averages, which are $201.04 and $220.29, respectively. The stock is also about 45.9% below its 52-week high of $320.95, indicating it may be undervalued compared to its historical performance.

12-month forecast

$FSLR price target

First Solar, Inc. daily closes and this analyst's $326 target. Not advice.

Recent Earnings

First Solar reported trailing twelve-month revenue of approximately $5.38 billion, with a net margin of 32.5% and a return on equity of 18.5%. The company is set to announce its next earnings report on October 29, 2026.

Insider Buying and Selling at First Solar, Inc.

Recent insider transactions include Chief Technology Officer Markus Gloeckler, who sold 4,254 shares on August 4, 2026, and General Counsel Jason E Dymbort, who sold 3,700 shares on August 11, 2026, at prices of $249.38 and $222.95, respectively. These sales were not part of any planned trading strategies.

Analysts Set New Price Targets

On October 14, 2026, Morgan Stanley maintained its Overweight rating on First Solar with a price target of $326. Prior to this, several firms updated their ratings, including Goldman Sachs, which maintained a Buy rating with a target of $272 on October 8, 2026, and Piper Sandler, which kept its Overweight rating with a target of $251 on September 30, 2026. The consensus among analysts currently gives First Solar a mean price target of $274.77 with a recommendation to buy.

About First Solar

First Solar, Inc., based in Phoenix, AZ, is a leading solar technology company. It manufactures photovoltaic (PV) solar modules and provides solar energy solutions globally. The firm specializes in cadmium telluride solar modules, which convert sunlight into electricity, making it a significant player in the renewable energy market.

Bottom Line

Investors should keep an eye on First Solar as it approaches its next earnings report on October 29, 2026. With its shares currently trading below key moving averages and analyst targets, further developments will be crucial for understanding its future performance.