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☆ Goldman and others love this solar stock even with election as overhang
▼ + stars: | 2024-07-31 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

First Solar is well positioned for growth despite the U.S. election uncertainty that has hit the company's stock as well as the broader renewable industry in recent weeks, according to analysts. The solar module manufacturer's stock was up 5.7% on Wednesday. First Solar is one of the biggest beneficiaries in the renewable energy space from production tax credits under the IRA. While election risk will weigh on First Solar's stock, policy uncertainty tends to be a tailwind for the company, Goldman Sachs analyst Brian Lee told clients in a note. China tariffs could strengthen First Solar's competitive position and pricing power in the U.S., analyst Andrew Percoco told clients.

Persons: Mark Widmar, Goldman Sachs, Brian Lee, Goldman, FSLR, Lee, Donald Trump's, Morgan Stanley, Andrew Percoco, Trump, Percoco Organizations: U.S, White House, Congress, Republican Locations: China, U.S

☆ How a second Trump administration might risk the investment case for green energy
▼ + stars: | 2024-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +9 min

For years, China ramped up green energy production capacity, becoming the global leader in renewable energy manufacturing, from solar to wind to battery. In a second Trump administration, prices for imports from China are likely to surge for green energy producers. The view is that First Solar will benefit the most within the U.S. solar sector from greater trade restrictions, according to Baird. Ultimately, that may curtail the number of green energy startups and private companies that want to go public, Schleif said. "It's been really hard to compete with Chinese companies in any way, shape or form."

Persons: Donald Trump, Trump, Biden, Baird, Ben Kallo, Green, Carol Schleif, Schleif, Joe Biden, Andy Poreda, Tobin Marcus, Wolfe, TAN, Morgan Stanley, Elon Musk's, Advisory's Poreda, Poreda, It's Organizations: P, BMO Family Office, Biden White, Sage Advisory, Republican, Senate, White, Wolfe Research, Republican National Convention, Biden, JPMorgan, Materials Corp Locations: China, U.S, North America, Albemarle

☆ Best energy and utility stocks to own for rest of year, according to UBS
▼ + stars: | 2024-05-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

In a Thursday note, analyst Josh Silverstein listed the firm's "most compelling" buy-rated stocks to own across the energy and utilities sectors, including Suncor Energy , Coterra Energy , SLB , NextEra Energy and First Solar . Energy and utilities sectors are faring well this year, gaining 12.5% and 8.9%, respectively, while the broader market has advanced about 9.3%. His $90 price target suggests shares could jump 15.1%. First Solar is another favorite of UBS, which assigned the stock a $350 price target that implies 26.5% upside. Other energy and utility favorites UBS named include Coterra and Suncor Energy .

Persons: Josh Silverstein, William Appicelli, Jon Windham, —, SLB Organizations: UBS, Suncor Energy, Coterra Energy, NextEra Energy, . Energy, Big Tech Locations: Schlumberger

☆ Barclays upgrades this solar stock that's trading at a discount to peers
▼ + stars: | 2023-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

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

☆ Recent weakness in this energy company's shares offer an 'attractive' entry point, BMO says
▼ + stars: | 2023-09-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The recent pullback in First Solar shares has created an attractive entry point, according to BMO Capital Markets. Analyst Ameet Thakkar upgraded shares to outperform from market perform. "FSLR stock has declined by an unwarranted degree following its recent Analyst Day in our view. Underperformance has accelerated since the company's positive analyst day on Sept. 7, with the stock losing about 5% since. BMO views First Solar as a winner under the Inflation Reduction Act, which it believes will help the company's earnings power.

Persons: Ameet, Thakkar, Underperformance, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO, U.S, PTC Locations: Wednesday's

☆ Here are Friday's biggest analyst calls: Apple, Southwest, Roku, Skechers, First Solar, Crocs and more
▼ + stars: | 2023-07-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We expect FSLR will continue to outperform as the company has locked-in double-digit annual earnings growth through decade end. TD Cowen reiterates Skechers as a top idea TD Cowen said it's standing by Skechers as a best idea after the company's earnings report Thursday. JPMorgan reiterates Roku as overweight JPMorgan raised its price target on the stock to $95 per share from $90 and says it's staying bullish on Roku after its earnings report Thursday. " Bank of America reiterates Deckers as buy Bank of America said it expects sales of Deckers ' HOKA brand to double by 2026. JPMorgan reiterates Eli Lilly as overweight JPMorgan said it's bullish on Eli Lilly heading into earnings Aug. 8 due to its diabetes and obesity treatment.

Persons: Wells, Wells Fargo, Morgan Stanley, Apple, it's, Jefferies, Wedbush, FSLR's, TD Cowen, Skechers, Bill, BILL, Roku, Stifel, JPMorgan, Eli Lilly, it's bullish, Ford Organizations: Energy, Apple, Deutsche Bank, Airlines, Volkswagen, VW, Citi, Mobile, " Bank of America, of America, Bill Holdings, Bank of America, JPMorgan, Community Bank, New York Community Bank, Ford Locations: Europe, Dallas, China, Xpeng, Roku, EBITDA, Blue

☆ Citi downgrades this solar name, says shares could fall more than 10% as margin risks grow
▼ + stars: | 2023-04-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The run-up in shares of First Solar may have finally reached its limit, according to Citi. Analyst Vikram Bagri downgraded the solar stock to sell from neutral, citing a challenging long-term growth trajectory and concerns that Inflation Reduction Act tailwinds may already be priced in. FSLR YTD mountain Shares have gained nearly 45% this year Shares lost more than 2% before the bell. Along with the downgrade, Bagri trimmed the firm's price target to $194 from $220 a share, reflecting a near 11% downside from Friday's close. Along with the downgrade, Bagri opened a 90-day positive catalyst watch on Enphase Energy ahead of first-quarter earnings, citing a strong backlog and expectations for solid results.

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Wynn, Costco, Netflix, First Solar & more
▼ + stars: | 2023-04-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Netflix as sell Goldman said it's standing by its sell rating heading into earnings next week. Deutsche Bank adds a catalyst call buy on Enphase Energy Deutsche said it's bullish on the solar company's opportunities in Europe. Citi upgrades Merck to buy from neutral Citi said in its upgrade of the pharmaceutical company that it has an underappreciated pipeline of products. Deutsche Bank names a catalyst buy on Sherwin-Williams Deutsche said the paint company's earnings scheduled for later this month should "alleviate" investor concerns. Citi upgrades Steven Madden to buy from neutral Citi said in its upgrade of the shoe company that it sees "better wholesale trends" for Steven Madden.

☆ Here are Thursday's biggest analyst calls: Meta, Nvidia, Tesla, FedEx, First Solar, Costco & more
▼ + stars: | 2023-02-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

"We downgrade First Solar to Neutral following +50% outperformance since August based on the benefit from the Inflation Reduction Act. Bank of America upgrades FedEx to buy from neutral Bank of America said in its upgrade on cost cuts. Bank of America upgrades Meta to buy from neutral Bank of America said it sees "multiple expansion" possibilities for Meta. Bank of America reiterates Costco as buy Bank of America said the warehouse club giant has a "strong value proposition." Bank of America reiterates Nvidia as buy Bank of America said it's standing by its buy rating ahead of the company's earnings report later this month.

☆ JPMorgan downgrades First Solar, cites stock's recent outperformance following climate bill passage
▼ + stars: | 2022-11-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

First Solar 's stock is due for a much-needed breather following its outperformance in the wake of the Inflation Reduction Act being passed, according to JPMorgan. The stock's up more than 150% in the last five months and 97% in 2022. He also trimmed the bank's price target to $147 from $190 a share. To be sure, Strouse views First Solar as one of the biggest beneficiaries of the IRA in the not-too-distant future, but "easy money has likely been made." The new price target implies a 14% downside from Friday's close.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Nike, Monster, AMD, Carvana, CVS & more
▼ + stars: | 2022-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Bank of America reinstates Deckers as buy Bank of America called Deckers a "rare, consistent compounder." Deutsche Bank reiterates Amazon as buy Deutsche said "macro challenges are no doubt pressuring ad budgets" for Amazon, but the company continues to be well positioned. JPMorgan upgrades Carvana to neutral from underweight JPMorgan said in its upgrade of the stock that risks are now better understood. JPMorgan upgrades Monster to outperform from neutral JPMorgan said the beverage giant has an "attractive narrative." Bank of America reiterates Advanced Micro Devices as buy Bank of America said shares of AMD are attractive heading into earnings Tuesday afternoon.

☆ Bank of America believes this solar stock — already up more than 60% this year — has more room to run
▼ + stars: | 2022-10-31 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

First Solar stock still has room to run even after advancing more than 60% this year, according to Bank of America. Analyst Julien Dumoulin-Smith raised his price objective on First Solar, and reiterated a buy rating on the Arizona-based company, after its latest earnings results. Some investors have expressed concern that growth expectations for First Solar may be overdone after the solar stock surged more than 60% this year. Still, Bank of America remains bullish on First Solar, as it is "almost fully booked through 2026," and expands its "competitive positioning" overseas. If anything, we expect FSLR to leverage bridge financing to ensure near-term liquidity, which FSLR will pay down following PTC receipt.

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