Reported 3 days ago
Goldman Sachs has increased the price target for First Solar, Inc. (NASDAQ:FSLR) from $204 to $255, maintaining a ‘Buy’ rating. Analyst Brian Lee attributes this adjustment to potential growth fueled by favorable trade policies and tariff relief, alongside a projected increase in earnings per share. Despite risks such as module oversupply and costs, First Solar's stock has surged nearly 20% following positive legislative developments. The company's earnings are anticipated to significantly benefit from tax credits extending through 2028.
Source: YAHOO