First Solar price target raised to $215 from $180 at Deutsche Bank

Deutsche Bank analyst Corinne Blanchard raised the firm’s price target on First Solar to $215 from $180 and keeps a Buy rating on the shares as part of her Q4 solar preview. The analyst expects investors to focus on residential solar demand in the U.S. following the Inflation Reduction Act, demand growth in Europe, storage growth and adoption and the supply chain environment.