First Solar price target lowered to $200 from $245 at Truist

Truist lowered the firm’s price target on First Solar (FSLR) to $200 from $245 and keeps a Buy rating on the shares. Utility-scale solar peers remain in a challenging spot from a messaging and guidance perspective given profound uncertainties in the space both from tariff and Inflation Reduction Act policy uncertainty overhangs, the analyst tells investors in a research note. First Solar must toe the line in terms of pricing/contract/customer flexibility so as not to drive further financial constraints, the firm adds.