First Solar (FSLR) Soars to 52-Week High After GLJ Research Upgrade to Buy, $315 Target

Shares of First Solar (NASDAQ:FSLR) surged 11.9% on May 29, 2026 after GLJ Research upgraded the stock to Buy from Hold and raised its price target to $315 from $207.82. The rally pushed the solar manufacturer to its fifth consecutive daily gain and a new 52-week high. The upgrade amplified investor optimism that potential U.S. trade policies could favor domestically produced solar panels. First Solar's recent first-quarter earnings surpassed analyst expectations, prompting multiple firms including Argus and Freedom Broker to also lift their price targets, citing the company's domestic manufacturing advantage. The stock closed at $304.50, extending its year-to-date gain to about 11%. The move was statistically rare for the volatile stock, which has recorded 31 moves greater than 5% over the past year. A $1,000 investment five years ago would now be worth approximately $4,001.