BMO Capital lowered the firm’s price target on First Solar (FSLR) to $187 from $200 but keeps an Outperform rating on the shares. The firm had already projected a “meaningful” cut to 2025 guidance, but the actual outlook reduction was worse than expected, with projected volume and revenue reduction underperforming, the analyst tells investors in a research note. BMO adds however that average sales price upside in 2027 and beyond is keeping the firm “constructive”.