Morgan Stanley analyst Andrew Percoco lowered the firm’s price target on First Solar (FSLR) to $223 from $238 and keeps an Overweight rating on the shares. Utility-scale component suppliers First Solar and Shoals (SHLS) are both well positioned to “dominate the domestic utility-scale solar industry,” but the firm has cut its First Solar EPS estimates by 7% to reflect potential near-term tariff headwinds, the analyst tells investors.
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