Mizuho Issues Pessimistic Forecast for First Solar (NASDAQ:FSLR) Stock Price

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Mizuho recently lowered its price target for First Solar (NASDAQ:FSLR) from $271 to $243, though it maintained an “outperform” rating, suggesting a potential upside of approximately 24.7%. This adjustment follows First Solar’s recent earnings per share miss, reporting $4.84 against an expected $5.22, despite an 11.1% increase in revenue year-over-year to $1.68 billion. The company has also seen notable insider selling, with the CFO and other insiders selling shares totaling over $17 million in the past 90 days.

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