Barclays raised the firm’s price target on First Solar to $230 from $162 and keeps an Equal Weight rating on the shares. Excluding India, the analyst estimates First Solar’s gross margins should hit 30% over the duration of the firm’s forecast period and could continue to widen through the end of decade if the company continues to provide visibility for flattish selling prices in outer years.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on FSLR:
- First Solar price target raised to $163 from $152 at Credit Suisse
- First Solar price target raised to $261 from $176 at Argus
- First Solar transferred with Neutral rating at Citi
- Early notable gainers among liquid option names on March 6th
- First Solar price target raised to $233 from $188 at Wells Fargo