Goldman Sachs upgrades its initial solar price target to $255
May 19th, Goldman Sachs Analyst – Brianley – Upgrade First Solar, Inc. (NASDAQ:FSLR) maintains the “buy” rating of stocks and targets price between $204 and $255.
Company analyst Brian Lee said the revised 12-month price target price targets multiple P/E prices that apply to EPS forecasts over the next four quarters. This increase explains the potential of first solar power generation, primarily for supporting trade policies and tariff relief. The estimate includes approximately $3 per share of net cash.
The solar panels at dawn, sparkle in the new day.
Analysts include First Solar, Inc. He said the main risk factors for the (NASDAQ:FSLR) were oversupply of modules and the potential for module costs, trade policies and manufacturing credits to be higher than expected.
First Solar (NASDAQ: FSLR) jumped almost 20% on May 13th thanks to reports that House GOP lawmakers cooked heavy taxes and spending plans. What mattered was the softness of the blows of the sun and wind credit cuts, not as brutal as you would expect.
JP Morgan says the leaked portion of the settlement bill looks quite bullish for solar, wind and geothermal players. They reduced the definition of production and investment tax deductions, but remained stuck until 2028.
Analyst Mark Strauss calls the first sun “significant positive” as these 45x credits are expected to make up about 60% of the company’s revenue over the next two years. Additionally, new restrictions on foreign competitors will lift the foot. Stocks have already grown by 34.6% over the past 30 days.
While we acknowledge the potential of FSLR as an investment, our conviction lies in the belief that some AI stocks offer higher returns and hold the greater promise of limited downside risk. If you’re looking for AI stocks that are more promising than FSLR and potentially upside, check out our report on this Cheapest AI stocks.
Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now. Disclosure: None.