On May 26, First Solar rose 5.12% in regular trading, trading at $271.13/share, with trading volume of approximately $263 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, a level the stock has now surpassed. The rally extends a recovery from a sharp 5% decline on May 15, which was triggered by multiple Form 144 filings signaling potential insider selling pressure.

On the fundamentals side, the company reported robust Q1 results with net income attributable to shareholders of $346.6 million, up 65.42% year-over-year, basic EPS of $3.23, and a gross margin of 47% that exceeded expectations, continuing to underpin the rebound momentum.

First Solar is a leading U.S. solar technology company and the world's largest thin-film photovoltaic solar module manufacturer, providing cadmium telluride solar modules to developers, utilities, and independent power producers globally.

(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.)