Wells Fargo analyst Michael Blum upgraded First Solar to Overweight from Equal Weight with a price target of $188, up from $146. The analyst has turned positive on the clean energy sector for 2023. While continued Federal Reserve tightening will likely act as a near-term headwind, the fundamental and regulatory backdrop is "much improved" in 2023 and beyond, Blum tells investors in a research note. He recalibrated ratings inn the sector.
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Published first on TheFly
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