First Solar price target raised to $232 from $227 at Evercore ISI

Evercore ISI raised the firm’s price target on First Solar to $232 from $227 and keeps an Outperform rating on the shares. First Solar continues executing in terms of both scaling manufacturing capacity and producing and shipping record volumes, says the firm, which notes that the company disclosed some client requests to shift delivery volume timing out due to project development delays and also that one of its customer is expecting to sell its U.S. solar development portfolio.