UBS raises First Solar price target to $270, up from $252, and maintains a buy rating.

UBS Group increased its price target for First Solar (FSLR) to $270 from $252, giving the solar cell manufacturer a buy rating. First Solar reported $2.20 EPS for the quarter, exceeding analysts' estimates of $1.90 by $0.30. Institutional investors and hedge funds have recently increased their holdings in FSLR, with 92.08% of the company's stock now owned by these investors.

May 23, 2024
5 Articles