Why Morgan Stanley Cut First Solar’s (FSLR) Target as Pricing Recovery Slows

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Habib Ur Rehman

Tue, March 10, 2026 astatine 11:29 AM CDT 2 min read

First Solar, Inc. (NASDAQ:FSLR) is 1 of the 10 Best Renewable Energy Stocks to Buy Now. On March 2, 2026, Morgan Stanley maintained its Overweight standing connected First Solar and chopped its terms people to $230 from $275. The steadfast said First Solar’s borderline betterment appears slower than antecedently expected, and that 2026 pricing looks softer. Public summaries of the enactment besides said Morgan Stanley lowered its 2026 shipment forecast to 17.6 gigawatts from 19.7 gigawatts and reduced its 2026 mean selling terms estimation to $0.287 per watt from $0.315.

For context, First Solar connected February 24, 2026, reported fourth-quarter nett income of $1.7 cardinal and full-year 2025 nett income of $5.2 billion, up from $4.2 cardinal successful 2024. The institution said fourth-quarter income accrued from the anterior 4th chiefly due to the fact that module measurement sold increased, portion full-year maturation was driven by a 24% emergence successful third-party module volume. Fourth-quarter diluted EPS was $4.84, and full-year diluted EPS was $14.21.

First Solar ended 2025 with a $2.4 cardinal nett currency balance, up from $1.5 cardinal astatine the extremity of the anterior quarter. Management said the summation was chiefly owed to further proceeds from income of Section 45X taxation credits and operating currency flow, partially offset by superior spending tied to its Louisiana facility. For 2026, the institution guided for nett income of $4.9 cardinal to $5.2 billion, measurement sold of 17.0 GW to 18.2 GW, and adjusted EBITDA of $2.6 cardinal to $2.8 billion.

Why Morgan Stanley Cut First Solar’s (FSLR) Target arsenic Pricing Recovery Slows

First Solar, Inc. (NASDAQ:FSLR) designs and manufactures thin-film photovoltaic star modules and serves customers chiefly successful the United States and different prime planetary markets.

While we admit the imaginable of FSLR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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