Jun. 11 at 8:10 PM
First Solar shares surged in afternoon trading after UBS raised its price target to
$330 from
$290 while reiterating its Buy rating. The firm highlighted the upcoming Section 232 tariff determination for the U.S. solar industry as a key near-term catalyst, expecting tariff levels to be announced by the end of June. UBS said potential order announcements as early as the company's second-quarter earnings report could drive meaningful upward earnings revisions for 2028 and beyond if higher average selling prices materialize.
The upgrade adds to growing bullish sentiment among analysts. GLJ Research recently upgraded the stock to Buy with a
$315 target, Argus lifted its target to
$275 citing First Solar's domestic manufacturing advantage, and Freedom Broker also upgraded the shares to Buy with a
$260 target following strong first-quarter results.
$FSLR