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Mizuho lowers First Solar stock price target on valuation By Investing.com
Mizuho has lowered its price target for First Solar Inc. (NASDAQ:FSLR) to $243 from $271, but maintains an Outperform rating, noting the stock appears undervalued at its current price and citing the company’s strong domestic manufacturing position and financial health. Despite the reduced target, First Solar remains Mizuho’s top solar pick due to its differentiated risk/reward profile, while Shoals Technologies is ranked second. Other recent analyst adjustments and international trade developments, including new anti-dumping duties and potential Chinese export restrictions on solar technology, further impact the sector.