First Solar Positioned for Growth: Buy Rating Highlights Strategic U.S. Focus and IRA Monetization

Needham analyst Sean Milligan has maintained their bullish stance on FSLR stock, giving a Buy rating today.

Sean Milligan has given his Buy rating due to a combination of factors that highlight First Solar’s strategic positioning in the market. The company’s focus on a U.S.-centric thin-film platform and its ability to capitalize on the Inflation Reduction Act (IRA) monetization are key strengths. Despite some short-term logistical challenges and contract adjustments, First Solar has demonstrated robust demand and stable average selling prices, as evidenced by their record sales in the third quarter of 2025.
Looking forward, Sean Milligan anticipates a positive inflection point in 2026 as First Solar’s operations in Louisiana reach full capacity and a new U.S. finishing line helps improve product mix and cost efficiency. Additionally, the company’s management has set ambitious medium-term targets, which could lead to significant upside potential beyond current price expectations. The evolving policy landscape, which increasingly favors domestic production, further supports First Solar’s pricing strategy and long-term growth prospects.

In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $275.00 price target.