TLDR
- FSLR jumped 7.73% to $263 in after-hours trading Thursday after the Trump administration announced Section 232 trade measures on Chinese polysilicon imports.
- The measures include a 15% tariff and minimum import-price requirements, set to take effect December 4.
- Wells Fargo raised its price target to $313 from $300, maintaining an overweight rating.
- First Solar posted Q2 EPS of $3.92, beating the $2.90 consensus estimate by over $1.
- A securities class-action lawsuit has been filed, with an August 24 lead-plaintiff deadline.
First Solar (FSLR) closed the regular session Thursday at $244.14, up 3.10%, before jumping a further 7.73% to $263 in after-hours trading.
The move came after the Trump administration announced Section 232 trade measures targeting Chinese polysilicon imports under the Trade Expansion Act.
The measures include a 15% tariff and minimum import-price requirements on polysilicon and downstream products. They are scheduled to take effect on December 4.
TRUMP SETS POLYSILICON TARIFFS AND PRICE FLOORS
President Trump signed a Section 232 action imposing a 15% ad valorem tariff on polysilicon derivative imports. $FSLR
The US will also set minimum import prices of $21 per kilogram for polysilicon and $100 per kilogram for… pic.twitter.com/WS4Kt6FWWD
— Wall St Engine (@wallstengine) August 6, 2026
China currently controls more than 90% of global polysilicon supply. First Solar called that concentration a security risk tied to forced labor exposure and anti-competitive pricing.
CEO Mark Widmar called the action “one of the most strategically significant trade measures in decades.” He said enforcement mechanisms are designed to close loopholes exploited by China-linked supply chains.
First Solar publicly backed the measures, which plays to its advantage. The company uses its own cadmium-telluride technology and does not rely on Chinese crystalline silicon supply chains.
It operates five US manufacturing plants across Alabama, Louisiana, and Ohio, with a sixth under construction in South Carolina. The company expects to invest over $5 billion in domestic manufacturing and R&D by year-end.
First Solar is targeting approximately 17 GW of US module capacity by 2027.
Analyst Targets Move Higher
Wells Fargo raised its price target on FSLR to $313 from $300 on Friday, keeping an overweight rating. The bank said the tariff and price-floor policy could deliver greater benefits than previously expected.
Citigroup’s Vikram Bagri maintained a Buy rating on Monday, lifting his target to $297 from $294. Guggenheim’s Joseph Osha also kept a Buy, raising his target to $282 from $279.
Truist Financial held a hold rating, but trimmed its target to $229 from $249. Oppenheimer kept a market perform rating. The consensus sits at Moderate Buy with an average target of $254.89.
Q2 Earnings Beat, Revenue Dips
First Solar reported Q2 earnings of $3.92 per share, beating the $2.90 consensus by over $1. Revenue came in at $1.056 billion, just below the $1.062 billion estimate.
Revenue was down 3.4% year over year. Analysts expect full-year EPS of $17.75.
Over the past three months, insiders sold a total of 38,505 shares worth roughly $9.4 million, including CEO Widmar selling 9,926 shares in May.
The stock has a 52-week range of $176.47 to $320.95 and has gained 31.96% over the past 12 months.
There is one other item worth watching. Several law firms have publicized a securities class-action lawsuit alleging inadequate disclosure of production underutilization and onshoring costs. The lead-plaintiff deadline is August 24.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
