What Going On With First Solar Stock ? - First Solar ( NASDAQ : FSLR )

First Solar, Inc. (FSLR) shares are experiencing a rise on Wednesday, amidst a broader surge in solar stocks following Vice President Kamala Harris s debate against Donald Trump. Harris s emphasis on alternative energy sources and her support for clean energy development, including a carbon tax and a fracking ban, have positively influenced investor sentiment. The Invesco Solar ETF (TAN) is also gaining, driven by gains from SolarEdge Technologies, Inc. (SEDG), and Sunrun, Inc. (RUN). Investors perceive a higher likelihood of a Harris victory, which has further buoyed the solar sector. Analyst forecasts for First Solar show an average 12-month price target of $299.64, with a high target of $360 and a low target of $250. Currently, 11 analysts have positive ratings for the stock, with no neutral or negative ratings. In the past month, one analyst has adjusted price targets. First Solar s year-to-date performance shows a 36.26% increase, indicating potential further upside. For a comprehensive understanding of First Solar, Benzinga offers detailed insights and analysis. As of the publication date, First Solar shares are up 11.4%, trading at $232. Benzinga Pro users can access more information and start a free trial to stay updated on First Solar s price action and performance.

Source: benzinga.com
Published on 2024-09-11