Susquehanna analyst Biju Perincheril raised the firm’s price target on First Solar to $225 from $175 and keeps a Positive rating on the shares. The analyst lowered his Q4 earnings estimates as demurrage charges spilled over into the Q, pressuring margins. However, margins are poised to rebound strongly this year with lower freight costs, stabilizing base ASPs, and potential upside from ASP adjusters.
Published first on TheFly
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