First Solar (FSLR) PT Raised to $255 at Goldman Sachs

Goldman Sachs analyst Brian Lee raised the price target on First Solar (NASDAQ: FSLR) to $255.00 (from $204.00) while maintaining a Buy rating.

The analyst comments "FSLR (Buy): Our 12-month revised price target of $255 (vs. $204 prior) is based on a 10X (vs. 8x prior due to higher comps as a result of potential tariff and policy relief) ex-cash P/E multiple on our Q5-Q8 EPS forecasts with ~$3 per share in net cash added back (unchanged). Key risks include module oversupply, higher than expected module costs, trade policy and changes to US manufacturing credits."

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