First Solar price target raised to $250 from $225 at Argus

Argus raised the firm’s price target on First Solar to $250 from $225 and keeps a Buy rating on the shares. Q2 results topped consensus estimates, and the company also experienced favorable action from the U.S. government to address the flooding of low-cost solar products from Asia into the United States, even though more work needs to be done, the analyst tells investors in a research note. Argus adds that the company should see benefits from evolving tariffs and other regulations regardless of the 2024 election outcome.