Roth Capital raised the firm’s price target on First Solar (FSLR) to $270 from $225 and keeps a Buy rating on the shares ahead of the company’s Q3 report. While the company’s bookings could be light, the poly 232 announcement by the middle of November offers a “strong near-term catalyst to drive the stock higher,” the analyst tells investors in a research note. Roth sees “no shortage of policy tailwinds” to support the bull narrative around First Solar. It believes management will provide updates on finishing lines and mitigation of tariff headwinds on the Q3 call.
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