Susquehanna cuts First Solar stock price target on lower guidance
Susquehanna cut First Solar's (FSLR) price target to $246 from $270, citing lower guidance. FSLR's Q3 revenue missed estimates but EPS beat. The company reduced fiscal 2026 delivery and EBITDA guidance. Analysts have mixed reactions, with some lowering targets but maintaining positive ratings. FSLR trades at $173.39, near its 52-week low.
How this was made
The 30-second read
Why it matters
The mixed earnings and lowered guidance create a nuanced outlook: short-term downside from guidance cut versus upside from strong profitability metrics.
Market read
The new guidance and analyst target cut are fresh, material data that can move FSLR shares in the near term.
What to watch
Average selling price per watt remains low, indicating potential margin compression.
Background
First Solar posted Q3 2026 results, slightly missing revenue estimates but beating EPS and EBITDA expectations.
Ticker impact
Susquehanna lowered its price target to $246 and First Solar cut FY2026 delivery guidance by ~6% after Q3 results.
likely pressure as the market prices in the guidance cut and lower target.
Target reduction and weaker guidance are fresh, material information that typically drives the stock lower.
Market effects
Solar sector may face short-term valuation pressure as a leading player reports weaker guidance.
U.S. renewable energy stocks could see modest pullback.
Limited to investors tracking U.S. solar manufacturers.
Counterpoint
Buyback announcement and beat on EPS could support a rebound if the market overreacts to guidance.
Key entities
- companyFirst Solar
U.S. solar panel manufacturer (NASDAQ:FSLR).
- analystSusquehanna
Equity research firm that cut the price target.
