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KeyBanc’s senior analyst Sophie Karp says it’s now time for investors to start building a long-term position in First Solar (FSLR). She upgraded the utility-scale solar company this morning to “Sector Weight,” electing not to assign a price target, which suggests FSLR should perform roughly in line with the broader clean energy space in the months ahead.
Karp’s bullish call brings a much-needed reprieve to First Solar stock, which is currently down more than 40% versus its year-to-date high in early June.
