Roth MKM analyst Philip Shen raised the firm’s price target on First Solar to $230 from $220 and keeps a Buy rating on the shares. The company’s Q2 booking average selling prices held strong at 32.7c/W vs. Q1 of 32.6c/W, and bookings are expected to accelerate modestly in the near-term amid new capacity expansion, the analyst tells investors in a research note.
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