Truist Financial analyst Jordan Levy maintains $First Solar (FSLR.US)$ with a buy rating, and sets the target price at $300.
According to TipRanks data, the analyst has a success rate of 26.8% and a total average return of -19.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $First Solar (FSLR.US)$'s main analysts recently are as follows:
While the volume guidance for First Solar was reduced, mainly owing to three contract cancellations and the previously anticipated sale of modules within this year, these complications seem to be largely isolated incidents. The current challenges faced are considered to be 'situational rather than structural' in nature.
First Solar has encountered operational challenges and headwinds in the India market, contributing to less favorable third-quarter results and projections for 2024 volumes and revenue. The possibility of project delays persists and may affect fourth-quarter performance, and share volatility is anticipated to increase around the time of the U.S. presidential election. Despite these concerns, it's believed that the market has already factored in significant risks associated with the potential repeal of the IRA or earnings projections falling short.
Post-earnings, expectations for First Solar's performance have been moderated, with the anticipation of a production pause in India. However, the company's earnings potential could see an uplift if tariffs rise, a situation contingent on the electoral results.
Note:
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