First Solar price target raised to $330 from $275 at UBS

UBS analyst Jon Windham raised the firm’s price target on First Solar (FSLR) to $330 from $275 and keeps a Buy rating on the shares. First Solar is in an “advantaged” position in supplying the U.S. solar market underpinned by a favorable policy environment for the company’s U.S. manufacturing capacity and additional 45X tax credit generation from the recently announced U.S. finishing factory, the analyst tells investors in a research note. A potential Section 232 tariff on polysilicon solar imports is likely to provide significant pricing upside for First Solar’s U.S. production volumes, the firm says.