KeyBanc analyst Sophie Karp raised the firm’s price target on First Solar to $227 from $201 and keeps an Overweight rating on the shares. The firm cites strong operational momentum and anticipated organic margin expansion in 2023. These tailwinds come incremental to the upside from the passage of the IRA that drove KeyBanc’s initial upgrade and reflect improving market conditions and ongoing strong execution by management.
Published first on TheFly
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