First Solar price target lowered to $237 from $251 at RBC Capital

RBC Capital lowered the firm’s price target on First Solar (FSLR) to $237 from $251 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 earnings in Clean Energy. Tariff policy impacts will be a focal point though given current inventories and shipping times, even though the firm doesn’t expect a material impact until the second half of the year, the analyst tells investors in a research note. While U.S. effectively imports no solar from China, grid scale inverters are a frequent Chinese import, with an estimated over 70% of BESS – Battery Energy Storage Systems – coming from China and facing a 156% tariff rate, which poses a risk for project delays, pushouts, cancellations, and developers postponing investment plans, RBC adds.