First Solar price target lowered to $204 from $236 at Barclays

Barclays lowered the firm’s price target on First Solar (FSLR) to $204 from $236 and keeps an Overweight rating on the shares as part of a Q1 earnings preview. The firm says “Liberation Day” tariffs could have a near-term impact on First Solar’s margins while the current 90-day pause may result in some acceleration of deliveries into Q2 but also push-outs later this year for projects that do not have economics locked in.