Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
First Solar Inc.’s FSLR, +0.92% stock was up by 0.6% on Thursday on the heels of an upgrade to overweight from equal weight at Barclays, as well as the signing of a pact by industry and environmental groups called the Solar Uncommon Dialogue agreement to speed development of large-scale solar projects in the U.
S. Barclays analyst Christine Cho cut First Solar’s price target to $224 a share from $230. “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,” Cho said.
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