Piper Sandler raised the firm’s price target on First Solar (FSLR) to $250 from $210 and keeps an Overweight rating on the shares. The firm notes that last Friday, the DoC released the long-awaited preliminary determination surrounding antidumping duties from certain countries. The rates were above expectations. Based on the PD, panel pricing could rise materially, imports likely decline, and a deafening narrative surrounding ute-scale project delays could emerge, Piper adds. First Solar is the sole PD beneficiary in the firm’s coverage.
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