First Solar price target lowered to $253 from $304 at Guggenheim

Guggenheim lowered the firm’s price target on First Solar (FSLR) to $253 from $304 and keeps a Buy rating on the shares. Changes to the firm’s model and valuation inputs lead it to lower its price target but the firm contends that First Solar’s large domestic manufacturing footprint positions the company well, even “considering the numerous uncertainties that investors still face.”