First Solar, Inc. (FSLR) saw a significant Power Inflow on September 26th, indicating potential institutional buying pressure and a possible uptrend in the stock. This event presents a potential entry point for traders looking to capitalize on the expected upward momentum.
Truist Securities analyst Jordan Levy has initiated coverage on First Solar, Inc. (FSLR) with a ‘Buy’ rating and a price target of $300. Levy highlights First Solar’s competitive edge in the utility-scale solar market, driven by its innovative technology, ongoing R&D investments, and strong contracted backlog. He expects First Solar’s modules to become even more competitive with ongoing technology enhancements and forecasts $640 million in aggregate R&D spend from 2024 to 2026.
