RBC Raises Target on First Solar (FSLR) to $200, Reaffirms Outperform

First Solar Inc. (NASDAQ:FSLR) is one of the 10 best sustainability stocks to buy now. The company specializes in cadmium telluride thin-film solar modules, which require less energy, semiconductor material, and water to produce than traditional crystalline silicon (c-Si) panels. The Series 7 product line boasts one of the industry’s lowest environmental footprints, and the company operates its own end-of-life recycling facilities, recovering over 90% of materials for reuse.

RBC Capital’s Christopher Dendrinos raised his price target on First Solar to $200 from $188 on June 30, maintaining an Outperform rating. In his note to investors, Dendrinos pointed to policy developments under the current draft of the One Big Beautiful Bill (OBBB), which he believes could boost short- and medium-term demand for U.S.-based solar manufacturers like First Solar.

Solar panel workers installing a new farm for clean energy generation.

He highlighted that solar developers are likely to fast-track projects to lock in benefits before the Investment Tax Credit (ITC) phases out. They might also be trying to steer clear of possible penalties related to foreign content rules under the new excise tax proposal.

Dendrinos says this could lead to a boost in short-term demand, helping strengthen First Solar’s order book. He believes the policy tailwinds outlined in the bill align well with the company’s U.S.-focused manufacturing base and reinforce its positioning for continued growth.

First Solar Inc. (NASDAQ:FSLR) is a leading American solar technology company that manufactures eco-efficient solar modules.

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