parcha
Oct 9, 10:11 AM
https://finance.yahoo.com/markets/stocks/articles/first-solar-lost-43-june-151725388.html
$FSLR $TAN
First Solar has fallen [43%] from its June 3 closing high. On Oct. 8, Goldman Sachs cut its price target to
$272 from
$310 and kept its Buy rating, which still points to 51% upside.
Goldman's new target is close to the
$274 consensus, and even Wall Street's lowest target,
$197, is above the Oct. 7 close.
Consensus earnings estimates for 2026 and 2027 have barely moved in 90 days, so the stock's fall has come from a lower multiple.
Goldman's call looks plausible but stretched. On today's estimates, the stock would need to trade at [12.9x] forward earnings, up from [8.5x].
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