First Solar (FSLR) PT Raised to $315 at RBC Capital

RBC Capital analyst Chris Dendrinos raised the price target on First Solar (NASDAQ: FSLR) to $315.00 (from $195.00) while maintaining a Outperform rating.

The analyst comments "We are increasing our PT to $315 from $195 after incorporating the potential impacts of the recently announced AD/CVD investigation and trade policy changes from the Biden Administration. Our price target assumes a new AD/CVD order is issued and supports pricing of ~$0.30+/w. In this scenario, we believe a rerate of the multiple to 15.0x (ex-IRA credits) is warranted as the announcements derisk the potential impacts of foreign price competition and are supportive of continued module price strength for the foreseeable future. Our updated 2026 EV/EBITDA multiple of 15.0x is approx. inline with cross industry industrial manufacturers."

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