First Solar is well-positioned to fend off growing clean energy competition, according to Wolfe Research. Analyst Steve Fleishman upgraded the solar stock to an outperform rating in a note to clients Friday, citing an improving long-term outlook. He said First Solar’s weak third-quarter results and guidance cut also create an optimal entry point for investors. “Our concerns aren’t playing out,” he said. “We’ve expected a huge step-change in earnings for FSLR given the highly lucrative IRA credits and their incumbent advantage as the only large U.S. solar manufacturer. However, we also assumed competition would eventually come and credits would start to be meaningfully competed away in 2026 and beyond. Our view has changed.” Fleishman set a $170 price target on the stock, suggesting shares can rally nearly 30% from Thursday’s close. The stock has already surged more than 50% this year…
Wolfe Research says buy First Solar, a ‘uniquely positioned’ clean energy stock
