On May 28, First Solar rose 6.25% in regular trading, trading at $291.375/share, with trading volume of approximately $200 million. The stock extended a multi-day rebound driven by both an analyst upgrade and robust first-quarter results.

On the news front, Guggenheim raised its target price on First Solar from $269 to $279, maintaining a buy rating. FactSet consensus among analysts shows a mean target price of $245.89, which the stock has now surpassed. Fundamentally, the company reported Q1 net income attributable to shareholders of $346.6 million, representing a 65.42% year-over-year increase, while gross margin reached 47%, exceeding expectations. The stock had previously dropped over 5% on May 15 following disclosure of multiple Form 144 filings that raised insider selling concerns, but has since staged a sustained recovery supported by strong underlying fundamentals.

First Solar is the world's largest thin-film photovoltaic solar module manufacturer and the largest PV solar module maker in the Western Hemisphere, providing solar energy solutions globally.

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