RBC Capital raised the firm’s price target on First Solar (FSLR) to $258 from $244 and keeps an Outperform rating on the shares as part of a broader research note previewing Q4 for U.S. Clean Energy. The firm continue to believe there is a lot to like given a strong macro backdrop, even though valuations remain higher than they have been in some time, supported by expectations for stronger bookings and optimistic demand commentary, the analyst tells investors in a research note.
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