First Solar, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jeff Osborne from TD Cowen maintained a Buy rating on the stock and has a $220.00 price target.
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Jeff Osborne has given his Buy rating due to a combination of factors influencing First Solar’s positive outlook. The company reported strong second-quarter results for 2025 and adjusted its guidance for the year, reflecting a stable average selling price in its backlog and an increase in revenue expectations. The enactment of the OB3A has enhanced First Solar’s competitive position in the U.S., leading to a rise in customer engagement and demand for its modules.
Additionally, First Solar is on track to expand its U.S. capacity to 14GW by 2026, and it is making progress in its CuRe and perovskite technology. Despite some challenges such as a decline in backlog and potential international trade risks, the company’s financial outlook remains robust, with a raised price target of $220 based on future earnings estimates. These factors collectively contribute to Osborne’s confidence in First Solar’s growth potential, justifying the Buy rating.
Osborne covers the Technology sector, focusing on stocks such as Itron, Enphase Energy, and First Solar. According to TipRanks, Osborne has an average return of 0.7% and a 44.13% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $204.00 price target.