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Analysts Offer Insights on Utilities Companies: First Solar (FSLR) and CMS Energy (CMS)

Analysts fell to the sidelines weighing in on First Solar (FSLRResearch Report) and CMS Energy (CMSResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

First Solar (FSLR)

The company’s shares closed last Friday at $99.17.

According to TipRanks.com, Morgan is a 4-star analyst with an average return of 17.5% and a 63.6% success rate. Morgan covers the Industrial Goods sector, focusing on stocks such as Navigator Holdings, Dorian LPG, and Golar LNG.

The word on The Street in general, suggests a Hold analyst consensus rating for First Solar with a $93.58 average price target, implying a 3.5% upside from current levels. In a report issued on July 20, J.P. Morgan also maintained a Hold rating on the stock with a $73.00 price target.

See today’s best-performing stocks on TipRanks >>

CMS Energy (CMS)

Evercore ISI analyst Durgesh Chopra maintained a Hold rating on CMS Energy on July 28. The company’s shares closed last Friday at $68.73.

According to TipRanks.com, Chopra is a 4-star analyst with an average return of 9.0% and a 76.1% success rate. Chopra covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $70.90, a 3.6% upside from current levels. In a report issued on July 18, Barclays also maintained a Hold rating on the stock with a $72.00 price target.

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