Barclays lowered the firm’s price target on First Solar (FSLR) to $275 from $290 and keeps an Overweight rating on the shares. The firm says that while India volumes will be down in 2025 and 2026 versus prior expectations, some of this offset by higher selling prices and gross margins. It now expects First Solar’s sales to come in below consensus in 2025 and 2026, due to the change in India strategy.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSLR:
- Musk says solar power to be ‘majority of power generation in the future’
- Charged: Tesla surges post-election, hits $1 trillion market cap
- Clean Energy ETFs Are Likely to Struggle Under Trump
- Guggenheim downgrades trio of clean energy names after election outcome
- BofA Securities Downgrades SolarEdge (NASDAQ:SEDG) and Slashes Price Target