First Solar Price Target Raised To $260 At Jefferies, Shares Rise 3%

Core Viewpoint - Jefferies has raised its price target for First Solar Inc. to $260.00 from $212.00, maintaining a Buy rating, which has resulted in a more than 3% increase in shares intra-day on Thursday [1] Group 1: Financial Performance - Strong bookings in the third quarter have been reported, with U.S. capacity fully booked through 2028, indicating a return to price discovery mode for the company [1] - Analysts noted the planned use of approximately $9 billion in cumulative free cash flow generation from 2025 to 2028 as a significant factor for investors to monitor [2] Group 2: Market Conditions - Favorable policy tailwinds have been highlighted, including AD/CVD measures, Section 232 tariffs, and FEOC rules, which are expected to benefit the company [1] - Analysts find First Solar's finishing lines attractive but are still seeking clarity on long-term margin recovery and the impact of tariffs [2]