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Wajeeh Khan

This Analyst Just Upgraded First Solar Stock. Here's Why.

First Solar FSLR Truist United States

First Solar (FSLR) shares ended higher on Oct. 12 after Truist Securities turned positive on the Tempe-headquartered manufacturer of solar panels. In his latest research note, analyst Christopher Souther upgraded FSLR to “Buy” and raised his price target to $270, indicating potential upside of about 50% from current levels.

At the time of this writing, First Solar stock is trading at nearly half its price in early June.

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