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Fly News Breaks for February 24, 2020
Feb 24, 2020 | 07:41 EDT
Raymond James analyst Pavel Molchanov upgraded First Solar to Outperform from Market Perform with a $65 price target. In a research note to investors, Molchanov notes that this is the first time since 2010 that he is turning positive on First Solar, saying the backdrop is the best all-around investor sentiment on clean tech in more than a decade. The analyst says that First Solar is one of the few remaining value ideas in clean tech, and thinks risk/reward is nicely tilted to the upside.
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