First Solar Plummets to 245th in Trading Volume Despite Jefferies Upgrade

On June 12, 2025, First Solar (FSLR) experienced a significant decline in trading volume, with a total turnover of $354 million, marking a 42.16% decrease from the previous day. This placed First Solar at the 245th position in terms of trading volume among all stocks for the day. Additionally, First Solar Inc. (FSLR) saw a slight decrease of 0.02%.

Jefferies has upgraded First Solar, citing its strong position as the largest U.S.-based solar panel producer. The brokerage raised its price target for First Solar to $192 from $157, reflecting a 22.29% increase. This upgrade was announced on June 11, 2025, and has provided a considerable boost to investor sentiment towards First Solar, which is listed on the NASDAQ exchange.

Jefferies' upgrade comes as the solar market faces potential import restrictions, positioning First Solar as the 'only game in town' for investors. The brokerage's positive outlook is supported by the company's leading position in the U.S. solar panel market, which is expected to benefit from increased demand and potential regulatory tailwinds.

First Solar's stock has seen a surge in early trading sessions following Jefferies' upgrade. The company is currently the leading performer on the S&P 500, with shares trading above $170 per share. This positive momentum is expected to continue as investors react to the upgraded rating and increased price target.