Barclays analyst Christine Cho lowered the firm’s price target on First Solar (FSLR) to $213 from $228 and keeps an Overweight rating on the shares as part of a Q1 preview. The firm sees a path for improved gross margins from 7% this year to 12%-13% next year, but says restoration to the 20% level will require a favorable Section 232 outcome. First Solar in the near-term continues to be risk due to rising shipping and materials costs, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSLR:
- Charged: China mulls curbs on solar manufacturing equipment exports
- Unusually active option classes on open April 20th
- China mulls curbs on solar manufacturing equipment exports, Reuters reports
- Charged: Tesla said at work on smaller, cheaper EV
- First Solar price target lowered to $250 from $280 at Susquehanna