Analysts expect First Solar to report Q1 2026 revenue of $1.05 billion and EPS of $2.80, with the stock currently trading around $197.50 against an average price target of $250.58. Investors are primarily focused on the monetization of Section 45X manufacturing tax credits and updates regarding the ramp-up of the Louisiana production facility.
Recent performance has been bolstered by a robust long-term order backlog and increased U.S. manufacturing capacity, though the company recently missed Q4 earnings expectations. Management commentary on fiscal year 2026 guidance and module average selling prices (ASPs) will be critical for maintaining the stock's growth momentum.