Barclays lowered the firm’s price target on First Solar (FSLR) to $273 from $275 and keeps an Overweight rating on the shares. The firm expects First Solar to miss estimates on Q4 sales while its fiscal 2024 revenue estimate is over 7% below the Street. However, the company remains advantaged against expected changes within the Inflation Reduction Act as well as other regulations, the analyst tells investors in a research note.
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