Why Morgan Stanley Cut First Solar’s (FSLR) Target as Pricing Recovery Slows

First Solar, Inc. (NASDAQ:FSLR) is one of the 10 Best Renewable Energy Stocks to Buy Now. On March 2, 2026, Morgan Stanley maintained its Overweight rating on First Solar and cut its price target to $230 from $275. The firm said First Solar’s margin recovery appears slower than previously expected, and that 2026 pricing looks softer. Public summaries of the note also said Morgan Stanley lowered its 2026 shipment forecast to 17.6 gigawatts from 19.7 gigawatts and reduced its 2026 average selling price estim ...