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