First Solar price target lowered to $214 from $226 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on First Solar (FSLR) to $214 from $226 and keeps an Equal Weight rating on the shares while changing the firm’s Clean Tech industry view to Attractive from In-Line. The firm sees a more attractive short-term risk-reward for utility-scale solar manufacturers such as First Solar, Array Technologies (ARRY), and Shoals Technologies (SHLS) given the favorable economics and demand backdrop, even in an elevated cost of capital environment, the analyst tells investors.