Reported 5 months ago
Analysts have revised their stock price target for First Solar due to the company's potential as a direct beneficiary of the increasing demand for electricity driven by artificial intelligence (AI). With AI expected to consume significant energy, First Solar is seen as well-positioned to benefit from this trend, with UBS analysts raising the company's stock price target to $270 from $252. The company's unique thin-film solar module technology and its emphasis on U.S. manufacturing expansion are highlighted as key factors contributing to its growth amidst the surge in AI-driven electricity demand. Additionally, recent White House moves to strengthen American solar manufacturing by removing certain solar panel import exclusions have further bolstered the outlook for First Solar.
Source: YAHOO