Baird Reiterates Outperform Rating on First Solar (FSLR)

Baird analyst Ben Kallo reiterated an Outperform rating and $307.00 price target on First Solar (NASDAQ: FSLR).

The analyst commented: "Reiterate Outperform rating. We hosted investors for a tour of FSLR’s PGT-3 manufacturing plant (Series 7) in Ohio along with an IR meeting and technology overview presentation. The near-term setup will likely be volatile due to the upcoming election, tariff decision on Chinese panels, light bookings through Q3, and pricing pressure in India. Despite these pressures, we remain positive on the intermediate-and longer-term opportunity as FSLR develops its technology. Near-term risks are offset by potential catalysts including favorable election/tariff outcomes, early launch of CuRe, and a capacity expansion."

For an analyst ratings summary and ratings history on First Solar click here. For more ratings news on First Solar click here.

Shares of First Solar closed at $239.98 yesterday.

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