On September 17, First Solar rose 5.17% in regular trading, trading at $200.50/share, with turnover of $235 million, as the broader photovoltaic solar sector rallied collectively.

On the news front, Elon Musk publicly endorsed solar energy, stating that solar technology will eventually dominate energy production. Commenting on a chart showing Texas solar power generation has surpassed nuclear output, Musk declared that solar is obviously the future. The remarks lifted the entire solar sector, with Shoals Technologies up 8.94%, Sunrun up 4.53%, Canadian Solar up 3.79%, SolarEdge Technologies up 3.51%, and JinkoSolar up 3.02%.

Meanwhile, institutional sentiment toward First Solar remains broadly positive. In recent months, Baird upgraded the stock to Outperform with a $318 target, Deutsche Bank raised its target to $299 maintaining a Buy rating, and BMO upgraded to Outperform with a $263 target. The FactSet consensus mean target stands at approximately $278.70, well above current levels. The company also reported strong Q2 results, with EPS of $3.92 significantly beating the consensus estimate of $2.86.

(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.)