Oppenheimer raised the firm’s price target on First Solar to $268 from $262 and keeps an Outperform rating on the shares. At its Analyst Day event, First Solar highlighted opportunities for product and manufacturing improvement, and the primary takeaway from the event was pricing, cost, and margin visibility as the company scales to 25GW of capacity, the analyst tells investors in a research note. Based on the pricing and margin guidance, Oppenheimer estimates First Solar would exit 2026 at an EPS run rate of $26-$30.
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