Citi analyst Vikram Bagri raised the price target for First Solar to $294 from $243. The firm reiterated its Buy rating on the stock as part of a Q2 earnings preview for the alternative energy sector.
Bagri maintains a constructive outlook for companies exposed to utility-scale solar and energy storage. The analyst specifically highlighted the sector's role in the infrastructure build-out for artificial intelligence.
The revision signals strong conviction in First Solar's near-term performance. The company remains strategically positioned to capitalize on the growing renewable energy market.