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First Solar's Southeast Asia Production Won't Recover Until 2028 -- Market Talk

Dow Jones
9 hours ago

1144 ET - First Solar's guidance for 2026 revenue between $4.9 billion and $5.2 billion fell short of Wall Street consensus of $6.16 billion, primarily because analysts underestimated the extent to which production would be constrained in Malaysia and Vietnam, Mizuho analysts Maheep Mandloi and David Benjamin write in a note. They expect demand and volume to recover as the company adds a U.S. finishing line to reshore some production, but that their previous estimate won't be reached by 2028. Still, the company has the potential for post-2026 tailwinds from product rollouts, more U.S. production, and potential tariff reductions. They cut their price target to $271 from $326. Shares are down 14% $210.34. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

February 25, 2026 11:44 ET (16:44 GMT)

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