First Solar price target raised to $268 from $265 at Goldman Sachs

Goldman Sachs analyst Brian Lee raised the firm’s price target on First Solar to $268 from $265 and keeps a Buy rating on the shares. The company reported Q1 results, with revenue and earnings beating estimates, and it continues to see positive drivers supporting higher selling prices, the analyst tells investors in a research note. The firm believes this, along with ongoing policy uncertainty in the U.S. – which tends to be a tailwind for First Solar – will be key themes in focus for investors in coming quarters.