Invest2Growcom
Oct 13, 6:20 PM
$FSLR FSLR is extending its gains, near 186.94, up about 4.02 percent today.
The spark came Monday, when Truist upgraded First Solar from Hold to Buy and raised its price target to 270 from 229. Truist had moved the stock to Hold back in July, so this is a reversal.
A 270 target is about 44 percent above today's price. For context, the stock is roughly 42 percent below its June 3 record high of 320.95, so there's a lot of ground between here and there.
I haven't seen Truist's full reasoning, so I won't guess at it, and I don't see a separate headline for today's move. It looks like follow through from the upgrade.
I'd watch whether buyers keep showing up.
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