On July 6, First Solar rose 5.35% in regular trading, trading at $236.59/share, with turnover of $99.30 million. The rally was driven by Wells Fargo significantly raising its price target on First Solar from $255 to $320, implying approximately 35% upside from the current stock price.

The upgrade is part of a broader wave of bullish institutional sentiment. Recently, UBS maintained its Buy rating while lifting its target to $330, Mizuho raised its target to $300, and Goldman Sachs previously adjusted to $310. The consensus bullishness reflects surging power demand from AI data centers, which is expected to boost solar energy industry prospects. First Solar reported Q1 EPS of $3.22, a 65% year-over-year increase that beat market expectations by 11.4%, providing fundamental support for valuation upgrades.

The company had previously issued Q2 guidance projecting module sales of 3.4–4.0 GW and adjusted EBITDA of $400–500 million, signaling continued operational momentum.

(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.)