Shares of SolarXList member First Solar climbed about 5% after Wells Fargo raised its price target from $255 to $320 and reiterated an Overweight rating, as reported by 24/7 Wall St..
The numbers behind the confidence
- Q1 2026 EPS of $3.22 on revenue of $1.04 billion — both ahead of analyst estimates.
- Full-year net sales guidance reaffirmed at $4.9–5.2 billion.
- The rally lifted the wider US solar complex, with SolarEdge, Canadian Solar and Enphase also posting strong gains.
The policy catalyst ahead
Investors are positioning ahead of the Section 232 polysilicon decision expected by early August, which could reshape pricing across the US solar supply chain. As the largest module maker in the Western Hemisphere with vertically integrated US manufacturing, First Solar is widely seen as a structural beneficiary of domestic-content policy.
First Solar, Inc. (Tempe, Arizona) is a Platinum member on SolarXList. Visit First Solar's member page →
Sources: 24/7 Wall St.; Yahoo Finance, July 2026.