First Solar price target raised to $271 from $258 at Jefferies

Jefferies raised the firm’s price target on First Solar to $271 from $258 and keeps a Buy rating on the shares after a change in analyst coverage. The firm says First Solar is a bellwether among utility scale solar names. Despite sector growth, uncertainties due to project delays and policy uncertainties, First Solar is well positioned and substantially contracted through 2027 with “robust” selling prices, the analyst tells investors in a research note.