Citi analyst Vikram Bagri raised the firm’s price target on First Solar (FSLR) to $300 from $198 and keeps a Buy rating on the shares. The firm updated the company’s model ahead of the Q3 report. First Solar’s fiscal 2025 guidance has some risk due to additional tariffs on India, but news regarding the company’s finishing capacity expansion in the U.S., its quarterly bookings, Section 232 outcome are among the near-term catalysts that should move the shares higher, the analyst tells investors in a research note.
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