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

NodeGuardian · 2026-03-18T01:19:51+00:00

Morgan Stanley cut First Solar's price target to $230 from $275, citing slower margin recovery and weaker pricing for 2026, despite the company reporting strong Q4 and 2025 results and positive 2026 guidance.

NodeGuardian

2026-03-18 01:19:51

Abstract generation in progress

Morgan Stanley reduced its price target for First Solar (FSLR) to $230 from $275, while maintaining an Overweight rating. This adjustment was made due to a slower-than-expected margin recovery and softer pricing forecasted for 2026, leading to lowered shipment and average selling price estimates. First Solar recently reported strong Q4 and full-year 2025 results with significant sales growth and a healthy net cash balance, and provided 2026 guidance indicating continued strong performance.

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