Jordan Levy, an analyst from Truist Financial, maintained the Buy rating on First Solar (FSLR – Research Report). The associated price target was lowered to $245.00.
Jordan Levy has given his Buy rating due to a combination of factors that highlight First Solar’s strong position in the market. Despite short-term challenges such as policy uncertainties and potential tariff impacts, Levy sees First Solar’s domestic manufacturing capabilities as a significant advantage. The company’s strategic positioning in the U.S. market, coupled with its technological differentiation and research and development strengths, supports a positive long-term growth outlook.
Levy acknowledges the risks associated with U.S. project delays and policy changes but believes these are already reflected in the current stock valuation. First Solar’s overbooked status provides a buffer against these risks, reinforcing the Buy recommendation. The price target has been adjusted to $245 to better align with industry peers, reflecting a more conservative valuation approach while maintaining confidence in First Solar’s growth potential driven by increasing demand for renewable energy solutions.
In another report released on March 28, Jefferies also maintained a Buy rating on the stock with a $202.00 price target.