BMO Capital analyst Ameet Thakkar raised the firm’s price target on First Solar to $235 from $204 and keeps a Market Perform rating on the shares after its Q2 earnings beat. The company’s contract bookings re-accelerated compared to its previous update and imply average average selling price of $0.293/watt, which is positive given the lower global module pricing and highlights strong demand for domestic modules despite uncertainty on IRS guidance, the analyst tells investors in a research note.
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Read More on FSLR:
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