First Solar hits $183 low on 52-week low as analysts raise targets

First Solar Inc. (FSLR) reached a new 52-week low of approximately $182.88 on Monday, marking its lowest price since the beginning of 2019. The stock has fallen roughly 26.5% year-to-date, extending a decline that now stands at 17.68% over the past year. The company’s valuation metrics reflect its current market position: its price-to-earnings ratio sits at 11.93, and the PEG ratio is 0.31, indicating it remains relatively undervalued by InvestingPro’s fair-value analysis despite the recent downturn.