First Solar Earns Analyst Upgrade Thanks To Strength In Bookings

November 1, 2022 2:06 PM | 1 min read |

Barclays analyst Christine Cho upgraded First Solar, Inc FSLR to Equal Weight from Underweight with a price target of $162, up from $89.
Demand for domestically-manufactured products supports First Solar's pricing power while its almost sold-out status through 2026 kicks the concern about potential ASP deterioration down the road, Cho wrote in a Tuesday note titled "First Solar: Strength in bookings; Upgrade to Equal Weight."
Also Read: First Solar Is Fair Priced Despite Logistical Snarls Hitting Q3, Analysts Say
Piper Sandler analyst Kashy Harrison maintained First Solar with an Overweight and raised the price target from $170 to $200.
Price Action: FSLR shares traded higher by 1.54% at $147.81 on the last check Tuesday.