Jefferies Sees Strong Upside for First Solar on Domestic Manufacturing Advantage

First Solar Inc. (NASDAQ:FSLR) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 11, Jefferies raised its price target for First Solar Inc. (NASDAQ:FSLR) from $175 to $192, upgrading the company to Buy on the basis of improved pricing power and more definite legislative support for U.S.-based solar manufacturers.

Jefferies Sees Strong Upside for First Solar on Domestic Manufacturing Advantage

Tighter regulations on Chinese-affiliated suppliers, according to Jefferies, are probably going to reduce competitiveness and increase demand for First Solar, Inc. (NASDAQ:FSLR)’s domestically manufactured modules. The firm anticipates a significant increase in average selling prices for solar modules, particularly if current contract pricing shifts toward 32–33 cents per watt.

As regulatory certainty improves in the upcoming weeks, Jefferies dubbed First Solar’s stock as “compelling” and pointed out that the company is trading at a substantial discount to rivals despite generating faster profit growth.

First Solar, Inc. (NASDAQ:FSLR) is an American solar technology company and a global supplier of sustainably produced eco-efficient solar modules.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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