Daiwa analyst Jonathan Kees lowered the firm’s price target on First Solar (FSLR) to $210 from $230 and keeps an Outperform rating on the shares. The firm says operational challenges and India market headwinds drove downside to the company’s Q3 results and 2024 volume and revenue guidance. However, with an order book sold out until 2026, First Solar has good visibility into customer demand, purchases, and contracts, the analyst tells investors in a research note.
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