First Solar rated Buy with $179 target, backed by strong backlog and US trade advantages despite risks.

First Solar is rated a Buy with a $179 price target, reflecting confidence despite recent market disappointments and negative press. The company benefits from a $13.6 billion contracted backlog through 2030, ensuring multi-year revenue visibility. US trade policies and Section 45X credits provide a domestic cost advantage, strengthening its position against Chinese and crystalline silicon competitors. While material and regulatory risks like tellurium supply and subsidy phase-out exist, the current valuation at 11x P/E appears to price in these concerns adequately.

Following the contrarian optimism around First Solar ahead of the election, the stock is currently trading at USD 181.76 on Pluang as of Oct 12, 2026, 16:31 WIB. This marks a 2.22% increase over the past day, reflecting some positive momentum. The company holds a market cap of $19.11 billion, showing solid investor interest despite a 52-week range between $172.11 and $318.30. Typical investors on Pluang hold the stock for about 76 days, indicating moderate-term confidence.