Deutsche Bank analyst Corinne Blanchard lowered the firm’s price target on First Solar to $190 from $215 and keeps a Buy rating on the shares. First Solar reported "solid" Q4 results and provided a "solid" 2023 outlook, the analyst tells investors. The firm notes it is maintaining a Buy rating on the stock due to the company’s strong backlog; and potential ASP uplift and IRA tax credits benefit lifting EPS.
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Published first on TheFly
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