Investors should consider taking a look at this solar stock trading at a discount to its peers, Barclays says.
Investors should consider taking a look at First Solar , according to Barclays. Analyst Christine Cho upgraded the solar panel maker to overweight from an equal weight rating, saying in a Thursday note that the stock's valuation offers an attractive opportunity for investors. Cho added that shares trade at a significant discount to competitors when looking at 2025 price to earnings.
mountain First Solar shares year to date "In an environment where there is uncertainty around the trajectory of utility-scale growth, we think FSLR's contracted backlog, domestic content advantages and current valuation offers an attractive entry point," she wrote. First Solar shares have slumped 6% this month and sit just about 1% higher for the year. The firm trimmed its price target to $224 a share, though the new forecast reflects nearly 48% upside from Wednesday's close.
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