FSLR - The Time To Buy First Solar Is Now: Analyst Sees Attractive Entry Point Upgrades Stock | Benzinga
BMO Capital Markets analyst Ameet Thakkar upgraded First Solar, Inc (NASDAQ: FSLR) to Outperform with an unchanged price target of $237.
The analyst noted that FSLR already had better visibility than most peers due to its current backlog, ASPs, and PTC advantage.
Now, Thakkar says he has a clearer view of its earnings for 2024-26, the potential for better-than-expected results, and promising signs for progress beyond 2027 at favorable pricing.
Despite falling global prices for solar modules, the analyst sees FSLR steadily building sales volumes at ASPs closer to what it has recently achieved.
Thakkar also applauds FSLR's announcement of a 5 GW order ...