- Keybanc analyst Sophie Karp maintained First Solar Inc (NASDAQ:FSLR) with an Overweight and raised the price target from $145 to $175.
- She updated her estimates to reflect the Annual Maintenance Contract’s (AMC) impact on FSLR’s earnings in 2023 and beyond.
- She also boosted the price target to reflect the value of tax credits FSLR is eligible for.
- Also Read: First Solar Earns Analyst Upgrade Thanks To Strength In Bookings
- The re-rating reflected her belief that the impact of the IRA is not fully reflected in the valuation yet, despite the recent outperformance.
- She also envisions further potential upside from incremental capacity additions, which she believes would be well-supported by the current economics.
- Price Action: FSLR shares traded lower by 3.95% at $147.55 on the last check Monday.
Top Kelly Blue Book Executive On Why Tesla’s Market Share Will Plummet Next 5 Years
Michelle Krebs, senior director of automotive relations at Cox Automotive, the parent company of businesses including Kelley Blue Book, Xtime, Autotrader.com, and Manheim believes that Tesla Inc’s (NASDAQ: TSLA) more than 69.9% market share is going to drop significan
