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Investors should consider taking a look at First Solar , according to Barclays. Analyst Christine Cho upgraded the solar panel maker to overweight from an equal weight rating, saying in a Thursday note that the stock's valuation offers an attractive opportunity for investors. Cho added that shares trade at a significant discount to competitors when looking at 2025 price to earnings. First Solar shares have slumped 6% this month and sit just about 1% higher for the year. According to Cho, investors are penalizing First Solar for a handful of "overblown" risks.
Persons: Christine Cho, Cho, Michael Bloom Organizations: Barclays, Solar, IRA, Bank of America
Investors should dump Coinbase ahead of its earnings report, Barclays warned. Analyst Benjamin Budish downgraded the crypto platform to underweight from equal weight while raising his price target by $9 to $70. Despite the increase, his new target implies the stock could drop 18.6% in the next year from Wednesday's close. The stock has surged more than 140% in 2023, staging a comeback from 2022's nosedive as investors have closely watched crypto stocks. Coinbase is expected to report second-quarter earnings next month, per FactSet.
Persons: Benjamin Budish, Budish, we're, BlackRock, bearish, Michael Bloom Organizations: Barclays, Barclays isn't Locations: Wednesday's, Coinbase
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