Bank of America upgraded FSLR to a “buy”
First Solar, Inc. (NASDAQ:FSLR) is getting a boost today, last seen up 2.7% at $125, on an upgrade from Bank of America (BofA). The analyst lifted its rating on FSLR to “buy” from “neutral,” and raised its price target to $141 from $104, noting that the security could get even more out of the recently passed climate bill. BofA also noted that it did not initially price in the number of Inflation Reduction Act (IRA) credits that the company would accrue, which could lead to a “significant valuation uplift.”
The security has already been outperforming the rest of the market, adding almost…