First Solar price target raised to $285 from $258 at Susquehanna

Susquehanna analyst Biju Perincheril raised the firm’s price target on First Solar to $285 from $258 and keeps a Positive rating on the shares ahead of the Q2 report. The firm expects First Solar to maintain strong average selling prices in Q2, saying the removal of the bifacial exemption and the initiation of a new antidumping and countervailing duties investigation support higher pricing for the company’s domestic-content-eligible panels. Given recent policy shifts and electricity demand growth expectations, the firm sees potential for additional manufacturing expansion for First Solar.