Seaport Research analyst Tom Curran upgraded First Solar (FSLR) to Buy from Neutral with a $274 price target The firm calls First Solar its favorite utility-scale solar name for 2025. The company is one of the sector’s “few established blue chips” and has the best risk/reward profile specific to policy, the analyst tells investors in a research note. Given its fully vertically integrated and growing U.S. manufacturing footprint, First Solar’s market position should only be competitively enhanced by expected tariffs and duties on solar cell and module imports, and could even see bookings upside if Inflation Reduction Act changes incentivize customers to choose it for certain projects and/or place their orders sooner for safe harboring, contends Seaport.
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