First Solar price target raised to $200 from $188 at RBC Capital

RBC Capital analyst Christopher Dendrinos raised the firm’s price target on First Solar (FSLR) to $200 from $188 and keeps an Outperform rating on the shares. The current version of One Big Beautiful Bill – OBBB – has positive implications for near term and potentially long term demand for First Solar as developers look to accelerate development ahead of the ITC termination and avoid potential excise tax penalty, the analyst tells investors in a research note.