Truist 将 First Solar 评级从持有上调至买入、目标价由229美元升至270美元，盘中股价已涨约1.4%

First Solar ( FSLR ) rose 1.5% in Monday's trading as Truist Securities upgraded the alternative energy company to Buy from Hold and raised its price target to $270 from $229, saying it expects a stronger backdrop for pricing and demand into the 2030s . The upgrade follows the Section 232 trade decision, effective December 4, which sets a minimum import price plus tariffs at $0.44/watt for crystalline silicon module imports, and Truist analyst Christopher Souther said First Solar's ( FSLR ) order book has largely set near-term pricing, with U.S. Series 7 capacity sold out through 2028, but new bookings for the end of the decade now have upward bias from his previous expectations in the mid-30s/watt range. The analyst said First Solar ( FSLR ) benefits from current U.S. regulations, including ITC and PTC credits for domestic content as well as 45X credits that phase out to 75% in 2030 and zero by 2033, seeing margins in the mid-20% range ex-45X at the end of the decade, with a positive pricing environment with steady solar demand and Section 232 tariffs expected to support earnings into the 2030s. The company transitioned to positive free cash flow in 2025, with $2.5B expected to be generated in 2027 from $308M in 2024, Souther said, adding the transition to FCF follows a large capex cycle and allows for investment in the business with future technology such as tandem perovskite modules that offer greater than 35% efficiency compared to Cd-Te at 19% and c-Si at 20%-22%.