Guggenheim Raises First Solar, Inc. (FSLR)'s Price Target

First Solar, Inc. (NASDAQ:FSLR) is among the 11 Best Green Stocks to Buy According to Hedge Funds. Guggenheim analyst Joseph Osha upgraded First Solar, Inc. (NASDAQ:FSLR) price objective to $287 from $202 on August 22, keeping a Buy rating.

The updated value reflects Guggenheim’s revised analysis, which is supported by recent policy developments and industry checks that show First Solar, Inc. (NASDAQ:FSLR)’s stronger fundamentals. Osha’s higher goal displays confidence in the company’s standing in the solar business, where growth is projected to be driven by favorable industry trends and policy momentum.

First Solar, Inc. (NASDAQ:FSLR) is a major producer of solar panels based in the Western Hemisphere and the global leader in thin-film solar panel technology. The firm uses thin-film cadmium telluride technology, although a large portion of the solar business depends on crystalline silicon technology. The business has been able to survive solar cycles when its rivals have collapsed because of the strength of its balance sheet. It is one of the Best Clean Energy Stocks.

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