First Solar upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded First Solar to Overweight from Equal Weight with a price target of $224, down from $230. In an environment where there is uncertainty around the trajectory of utility-scale growth, First Solar’s contracted backlog, domestic content advantages and current valuation “offers an attractive entry point,” the analyst tells investors in a research note. The firm sees an attractive risk/reward at current share levels.