The Time To Buy First Solar Is Now: Analyst Sees Attractive Entry Point, Upgrades Stock
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Ameet Thakkar has upgraded First Solar, Inc (NASDAQ:FSLR) to Outperform with an unchanged price target of $237. Thakkar notes that despite falling global prices for solar modules, FSLR is steadily building sales volumes. The analyst also applauds FSLR's announcement of a 5 GW order from solar developer Energix. Thakkar adds that the recent weakness in FSLR shares presents an attractive entry point. FSLR share price has declined 18% since its 2Q earnings call compared to 3% for the S&P 500 over this timeframe.
September 14, 2023 | 5:05 pm
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First Solar, Inc (NASDAQ:FSLR) has been upgraded to Outperform by BMO Capital Markets analyst Ameet Thakkar. The analyst sees an attractive entry point due to the recent decline in FSLR's share price.
The upgrade by BMO Capital Markets analyst Ameet Thakkar is a positive signal for First Solar, Inc. The analyst's comments about the attractive entry point due to the recent decline in FSLR's share price could potentially lead to increased buying interest in the stock, which could drive its price up in the short term.
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IMPORTANCE 80
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