UBS raised the firm’s price target on First Solar to $270 from $252 and keeps a Buy rating on the shares. UBS believes First Solar is an overlooked, direct beneficiary of increasing AI-driven electricity demand. The firm expects First Solar’s EPS to grow to $36.74 in 2027 from $7.74 in 2023, with gross margin ramping to 64% in 2028 from 39% in 2023.
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