Jefferies upgraded First Solar, Inc. to a 'Buy' rating from 'Underperform' on June 11, 2025. The firm also raised its price target for the solar panel manufacturer from $175 to $192, signaling increased confidence in the company's prospects.
The upgrade was primarily driven by Jefferies' assessment of First Solar's stronger pricing power and clearer policy support for U.S.-based solar manufacturers. These factors are expected to enhance the company's competitive advantage in the domestic market.
This positive re-evaluation by a major analyst firm highlights First Solar's resilience and strategic positioning amidst evolving market and policy landscapes. The improved outlook suggests that the company is well-positioned to capitalize on favorable conditions for U.S. solar production.
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