First Solar Raises Price Target to $272 on Trade Policy Shifts
FSLR•Deutsche Bank upgraded First Solar from neutral to buy and raised its price target to $272 from $245, citing trade policy shifts and valuation catalysts. Shares climbed 0.7% to $234.73 after pulling back 10% year to date from a June 3 record $320.95, with technical support near $220.
1. Upgrade Details and Price Target
Deutsche Bank raised First Solar’s rating to buy from neutral and lifted its price target to $272 from $245, highlighting recent trade policy shifts and improved valuation metrics as primary catalysts.
2. Recent Price Performance
Shares have eased 10% year to date from a June 3 record of $320.95, trading around $234.73, with the $220 region emerging as a key support zone reinforced by the 260-day moving average.
3. Options Activity and Bullish Sentiment
First Solar’s 50-day call/put volume ratio stands at 2.19—80th percentile—indicating strong bullish bets, while the weekly 6/26 240-strike put and 7/10 230-strike put have attracted significant volume alongside activity in the 6/26 290-strike call.
4. Short Interest Overview
Short interest represents 8.4% of the available float, requiring over three trading days to cover, suggesting a substantial base of bearish positions that could fuel volatility if sentiment shifts.
