Reported 5 months ago
First Solar's stock surged by 40.1% due to positive analyst coverage and expectations of benefiting from the AI revolution. The company's stock hit a decade-long high after China's solar regulatory agency advocated against pricing wars. Analysts at UBS, Piper Sandler, and JPMorgan Chase raised price targets, anticipating significant earnings growth. With a market cap of $29.6 billion, First Solar's long-term growth potential and recent stock momentum as an AI play suggest a sustained rally may be ahead.
Source: YAHOO