RBC Capital keeps an Outperform rating and $258 price target on First Solar (FSLR), saying the decline in the stock price after Tesla’s (TSLA) recent announcement that it plans to build 100 GW of solar manufacturing capacity in the U.S. within the decade is “overdone”. The higher labor/energy costs and current trade and policy restrictions position First Solar’s CdTe solar to remain cost competitive, the analyst tells investors in a research note.
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