Keep an eye on First Solar (FSLR). After pulling back to less than $170, the solar stock has again become oversold. Analysts at BMO Capital Markets also like it here, upgrading FSLR to outperform from a market perform rating, with a price target of $237.
“FSLR stock has declined by an unwarranted degree following its recent Analyst Day in our view. As highlighted in our Analyst Day recap note earlier this week, we believe consensus 2024-26 estimates are too low, but remain focused on 2027+ earnings power where FSLR is not fully sold out,” they said, as quoted by CNBC.