First Solar is trading 4.1% higher at $187.07 after Truist Securities upgraded it to Buy from Hold and raised its price target to $270 from $229.
- Truist cited a stronger outlook for solar-module pricing and demand, including the impact of U.S. import restrictions.
- The shares had a difficult year, and available reporting described investors responding to the upgrade.
- The market context showed no comparable broad-market rally, making the analyst action the clearest identified catalyst.