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First Photo voltaic (NASDAQ:FSLR) bounces between modest positive aspects and losses Thursday as Barclays upgraded the inventory to Obese from Equal Weight with a $224 worth goal, saying the corporate has one of the best visibility amongst utility-scale friends, as evidenced by its contracted backlog that extends out to 2030 and is totally offered by way of 2026.
In an surroundings stuffed with uncertainty across the trajectory of utility-scale development, Barclays analyst Christine Cho believes First Photo voltaic’s (FSLR) contracted backlog, home content material benefits and present valuation supply a horny entry level for traders.
Presently, Cho thinks solely U.S.-produced First Photo voltaic (FSLR) panels can get a developer to the 40% home content material threshold required by the Inflation Discount Act; “because of this, we expect that even within the face of a utility-scale slowdown, demand for U.S.-produced FSLR panels would nonetheless stay sturdy and insulated from the chance.”
