On May 21, First Solar rose 5.04% in regular trading, trading at $250.13/share, with trading volume of approximately $414 million.

On the news front, Guggenheim raised its target price on First Solar from $269 to $279, maintaining a buy rating. According to FactSet, the average analyst target price stands at $245.89. The upgrade extends a two-day rebound following a sharp 5% decline on May 15 triggered by multiple Form 144 filings that signaled insider selling pressure.

Fundamentally, the company reported strong Q1 results with net income attributable to shareholders of $346.6 million, up 65.42% year-over-year, basic EPS of $3.23, and gross margin reaching 47%, exceeding expectations. The combination of institutional endorsement and robust earnings has helped restore market confidence after the earlier selloff.

First Solar is a leading American solar technology company and global photovoltaic solar energy solutions provider. It is the world's largest thin-film PV solar module manufacturer and the largest PV solar module manufacturer in the Western Hemisphere.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)