Evercore ISI analyst James West lowered the firm’s price target on First Solar (FSLR) to $278 from $281 and keeps an Outperform rating on the shares. First Solar’s “weak” Q3 results were impacted by lower volume of MW sold and a warranty charge related to S7 start-up manufacturing issues, notes the analyst, who sees both “bright spots and hurdles” in the quarterly report. The firm remains positive on the First Solar story and will continue to assess further political implications after the U.S. elections takes place next week, the analyst tells investors.
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