UBS analyst Jon Windham raised the firm’s price target on First Solar (FSLR) to $255 from $235 and keeps a Buy rating on the shares. The firm says First Solar remains its top pick and has increasing conviction that 45X domestic tax credits survive in the Republican budget, the analyst tells investors in a research note. UBS views the budget proposal as a win for utility-scale solar, given the better-than-worst-case outlook for renewable tax policy.
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