BofA lowered the firm’s price target on First Solar (FSLR) to $215 from $236 and keeps a Buy rating on the shares. The firm’s lowered target reflects revised EBITDA multiples and updated near-term cost assumptions, but it reiterate its Buy rating as the firm views the company’s U.S. manufacturing footprint offering “a clear advantage as trade barriers increase.” Tariffs under Trump, combined with new AD/CVD measures and limited viable offshore capacity, tighten the landscape for peers, the analyst argues.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSLR:
- First Solar’s Competitive Edge and Growth Potential Amid Trade Barriers and Production Expansion
- Early notable gainers among liquid option names on April 7th
- First Solar price target lowered to $253 from $304 at Guggenheim
- Liberation Day tariffs positive for First Solar, says Wells Fargo
- Early notable gainers among liquid option names on April 3rd