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J.P. Morgan Sticks to Its Buy Rating for First Solar (FSLR)

Tipranks - Tipranks - Thu Feb 26, 6:13AM CST

In a report released today, Mark Strouse from J.P. Morgan maintained a Buy rating on First Solar, with a price target of $256.00.

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According to TipRanks, Strouse is a 5-star analyst with an average return of 12.7% and a 50.94% success rate. Strouse covers the Technology sector, focusing on stocks such as Enphase Energy, Nextpower Inc, and First Solar.

In addition to J.P. Morgan, First Solar also received a Buy from TipRanks – OpenAI’s OpenAI Solar in a report issued today. However, on the same day, Robert W. Baird downgraded First Solar (NASDAQ: FSLR) to a Hold.

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Based on First Solar’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.59 billion and a net profit of $455.94 million. In comparison, last year the company earned a revenue of $887.67 million and had a net profit of $312.96 million

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