First Solar Secures $1.5 Billion Revolving Credit Facility

First Solar ( (FSLR) ) has shared an update.

On February 13, 2026, First Solar entered into a five-year senior unsecured revolving credit facility of $1.5 billion, including a $450 million sub-limit for letters of credit, with JPMorgan Chase as administrative agent and a syndicate of lenders. The facility, which can be upsized by an additional $1 billion and extended by up to two years, enhances the company’s liquidity for working capital and general corporate purposes while imposing leverage, interest coverage, and other covenants that may influence its capital structure, investment flexibility, and shareholder distributions.

The most recent analyst rating on (FSLR) stock is a Buy with a $326.00 price target. To see the full list of analyst forecasts on First Solar stock, see the FSLR Stock Forecast page.

Spark’s Take on FSLR Stock

According to Spark, TipRanks’ AI Analyst, FSLR is a Neutral.

The score is led by strong profitability and a conservative balance sheet, but is held back by weak free cash flow dynamics. Technical indicators also point to bearish momentum (below key moving averages and negative MACD). Valuation appears reasonable at a 17.2 P/E, while the earnings call was mixed with record sales and cash strength offset by major contract terminations, supply chain issues, and warranty/underutilization impacts.

To see Spark’s full report on FSLR stock, click here.

More about First Solar

First Solar, Inc. is a U.S.-based solar technology company that manufactures thin-film photovoltaic modules for utility-scale solar power plants and large commercial projects. The company focuses on providing high-performance solar panels and related services to global energy developers, utilities, and other large-scale clean energy buyers seeking low-carbon electricity solutions.

On February 13, 2026, First Solar entered into a five-year senior unsecured revolving credit facility of $1.5 billion, including a $450 million sub-limit for letters of credit, with JPMorgan Chase as administrative agent and a syndicate of lenders. The facility, which can be upsized by an additional $1 billion and extended by up to two years, enhances the company’s liquidity for working capital and general corporate purposes while imposing leverage, interest coverage, and other covenants that may influence its capital structure, investment flexibility, and shareholder distributions.

Average Trading Volume: 2,181,480

Technical Sentiment Signal: Buy

Current Market Cap: $24.26B

See more insights into FSLR stock on TipRanks’ Stock Analysis page.