First Solar (FSLR) Stock 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer

First Solar4.0/5

FSLR (NASDAQ)

Dividend yield
no dividend
1-Year Return
50.27%
5-Year Return
133.10%

First Solar (FSLR) stands out as a leading U.S. solar manufacturer with a significant backlog of 64 GW contracted through 2030, supported by a strong balance sheet. Despite a notable 1-year return of over 50%, recent guidance for 2026 has raised concerns, projecting net sales below Wall Street expectations. Analysts maintain a median price target of $275.00, with a consensus rating of Buy, reflecting confidence in the company’s long-term prospects amidst current challenges.

Pros:

  • Strong backlog of contracts
  • Robust balance sheet

Cons:

  • Recent earnings miss
  • Weak guidance for 2026

First Solar (FSLR) may be suitable for investors seeking exposure to the renewable energy sector, particularly those who are comfortable with potential volatility and are focused on long-term growth rather than immediate income, given the absence of dividends. While the company's strong market position and significant contracted backlog provide a solid foundation, prospective investors should consider the mixed short-term outlook and weigh it against their investment strategies and risk tolerance.

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