August 3, 2026
Shares of solar panel manufacturer First Solar (NASDAQ:FSLR) jumped 11% in the afternoon session after Guggenheim maintained its “Buy” rating on the company and increased its price target to $282 from $279. 
The move from the investment firm, led by analyst Joseph Osha, signals a positive outlook for the solar panel manufacturer. The reiterated “Buy” rating suggests confidence in First Solar’s ability to perform well in the growing renewable energy sector, justifying the modest increase in the stock’s target price.
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First Solar’s shares are very volatile and have had 28 moves greater than 5% over the last year. But moves this big are rare even for First Solar and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 28 days ago when the stock gained 5.6% on the news that Wells Fargo raised its price target on the stock to $320 from $255, citing potential upside from an upcoming tariff decision. The bank maintained its “Overweight” rating, which is a recommendation to buy. The positive outlook is tied to a potential Section 232 polysilicon tariff decision that could be announced by early August. Polysilicon is a key material used in many solar panels. In anticipation of this, Wells Fargo updated its financial model for First Solar to reflect the possible benefits, forecasting higher prices for the company’s future U.S. bookings.
First Solar is down 14.6% since the beginning of the year, and at $234.42 per share, it is trading 26.3% below its 52-week high of $318.25 from June 2026. Despite the year-to-date decline, investors who bought $1,000 worth of First Solar’s shares 5 years ago would now be looking at an investment worth $2,539.
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