First Solar sinks as 2026 revenue outlook disappoints and tariff/policy uncertainty weighs

First Solar, Inc. (FSLR) is down 19.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to an earnings update that included a weaker-than-expected 2026 revenue outlook, alongside a quarterly EPS miss. Investor sentiment also looks pressured by ongoing U.S. trade-policy uncertainty and tariff-related cost headwinds that management discussed as affecting its forward view.

Details:

The company guided 2026 net sales to roughly $4.9B–$5.2B, which was materially below the Wall Street consensus estimates cited in market coverage.

First Solar’s reported quarterly EPS came in below expectations, even as quarterly revenue beat forecasts in the same reports.

Management commentary highlighted a challenging U.S. policy backdrop and project/permitting delays as factors influencing demand visibility and near-term contracting.

The company also discussed expected tariff impacts (including a quantified range in post-earnings commentary), reinforcing concerns about margin and cost volatility.

Sources:

Reuters, Barron’s, Investor’s Business Daily

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FSLR Insider Trading Activity

$FSLR insiders have traded $FSLR stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.

Here’s a breakdown of recent trading of $FSLR stock by insiders over the last 6 months:

GEORGES ANTOUN (Chief Commercial Officer) has made 0 purchases and 13 sales selling 37,412 shares for an estimated $9,914,635.
PAUL H STEBBINS has made 0 purchases and 3 sales selling 7,000 shares for an estimated $1,836,804.
MICHAEL T SWEENEY sold 4,500 shares for an estimated $1,219,995
SAMANTHA L. SLOAN (EVP, Corporate Affairs) sold 140 shares for an estimated $26,385

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FSLR Hedge Fund Activity

We have seen 518 institutional investors add shares of $FSLR stock to their portfolio, and 496 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,519,612 shares (-76.1%) from their portfolio in Q4 2025, for an estimated $1,180,658,242
FMR LLC added 2,099,092 shares (+47.3%) to their portfolio in Q4 2025, for an estimated $548,345,803
WELLINGTON MANAGEMENT GROUP LLP removed 1,377,857 shares (-55.0%) from their portfolio in Q4 2025, for an estimated $359,937,584
SAMLYN CAPITAL, LLC removed 1,348,298 shares (-63.0%) from their portfolio in Q4 2025, for an estimated $352,215,886
MILLENNIUM MANAGEMENT LLC removed 895,422 shares (-83.1%) from their portfolio in Q4 2025, for an estimated $233,911,089
VIKING GLOBAL INVESTORS LP removed 767,996 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $200,623,595
POLAR CAPITAL HOLDINGS PLC added 766,028 shares (+inf%) to their portfolio in Q4 2025, for an estimated $200,109,494

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$FSLR Congressional Stock Trading

Members of Congress have traded $FSLR stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FSLR stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$FSLR Analyst Ratings

Wall Street analysts have issued reports on $FSLR in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 11/03/2025
JP Morgan issued a "Overweight" rating on 10/31/2025
TD Cowen issued a "Buy" rating on 10/31/2025
Roth Capital issued a "Buy" rating on 10/27/2025
Needham issued a "Buy" rating on 10/22/2025
B of A Securities issued a "Buy" rating on 10/15/2025
Citigroup issued a "Buy" rating on 10/14/2025

To track analyst ratings and price targets for $FSLR, check out Quiver Quantitative's $FSLR forecast page.

$FSLR Price Targets

Multiple analysts have issued price targets for $FSLR recently. We have seen 16 analysts offer price targets for $FSLR in the last 6 months, with a median target of $275.5.

Here are some recent targets:

Biju Perincheril from Susquehanna set a target price of $280.0 on 02/25/2026
Ben Kallo from Baird set a target price of $205.0 on 02/25/2026
Dimple Gosai from B of A Securities set a target price of $271.0 on 01/22/2026
Joseph Osha from Guggenheim set a target price of $312.0 on 01/08/2026
Julien Dumoulin-Smith from Jefferies set a target price of $260.0 on 01/07/2026
Michael Blum from Wells Fargo set a target price of $285.0 on 12/19/2025
Gordon L. Johnson from GLJ Research set a target price of $314.43 on 11/04/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.