First Solar price target lowered to $216 from $226 at BMO Capital

BMO Capital lowered the firm’s price target on First Solar to $216 from $226 and keeps an Outperform rating on the shares. The company’s Q3 earnings call was “mostly positive” as despite the weaker than expected top line results, First Solar delivered much stronger than expected EPS and margins, the analyst tells investors in a research note. In an increasingly turbulent time in energy transition, the stock offers the best visibility, the firm added.