First Solar price target lowered to $204 from $235 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on First Solar (FSLR) to $204 from $235 and keeps a Buy rating on the shares. While the company’s Q1 results were “mostly uneventful,” First Solar lowered 2025 guidance ranges owing to tariff uncertainties and “bracketed what appears to be a relatively binary set of tariff scenarios,” the analyst tells investors in a research note. The firm expects the stock could be under pressure near-term and range bound until further clarity around tariffs.