First Solar To 'Remain In The Driver's Seat' Amid Ongoing Push To Onshore US Manufacturing: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Truist Securities analyst Jordan Levy initiated coverage on First Solar, Inc. (NASDAQ:FSLR) with a Buy rating and a $300 price target. Levy highlights First Solar's competitive edge due to its technology, R&D investments, and contracted backlog. The company is expected to benefit from the push to onshore U.S. manufacturing and has a strong long-term growth profile despite market volatility.
September 26, 2024 | 6:13 pm
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Truist Securities analyst Jordan Levy initiated coverage on First Solar with a Buy rating and a $300 price target. The analyst emphasizes First Solar's competitive edge due to its technology, R&D investments, and contracted backlog. The company is expected to benefit from the push to onshore U.S. manufacturing and has a strong long-term growth profile despite market volatility.
The analyst's Buy rating and $300 price target suggest a positive outlook for First Solar, supported by its technology, R&D, and manufacturing advantages. The stock's 4.1% rise indicates market confidence in these factors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100