As previously reported, HSBC downgraded First Solar (FSLR) to Hold from Buy with a price target of $211, down from $280, after the company reported Q4 results below consensus and gave lower-than-expected FY26 guidance that suggests “cooling demand and operational challenges.” In the short-term, upside to valuation looks limited as the firm thinks supportive US policies have “largely played out,” while the firm sees a long-term competition overhang from Tesla (TSLA), the analyst tells investors.
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