First Solar (FSLR) PT Raised to $302 at Goldman Sachs

Goldman Sachs analyst Brian Lee raised the price target on First Solar (NASDAQ: FSLR) to $302.00 (from $268.00) while maintaining a Buy rating.

The analyst comments "We remain bullish on the outlook for FSLR and believe several tailwinds could support higher ASPs or potential capacity expansion -- two near-to-medium term catalysts that we highlight as reasons to stay constructive on shares even following strong outperformance, of late (+54% in past month vs. TAN +20% and S&P 500 +5%). As a result, we reiterate our Buy rating and increase our 12-month target to $302 (from $268) as we discuss these value drivers and highlight the potential impact from higher ASPs or adding a new manufacturing facility."

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