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Roth MKM analyst Philip Shen reiterated a Buy rating on First Solar today and set a price target of $270.00. The company’s shares closed last Friday at $241.41. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Shen is a 4-star analyst with an average return of 7.4% and a 42.02% success rate. Shen covers the Technology sector, focusing on stocks such as First Solar, NEXTracker, Inc. Class A, and SolarEdge Technologies. First Solar has an analyst consensus of Strong Buy, with a price target consensus of $259.45, a 7.47% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $229.00 price target. Based on First Solar’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.1 billion and a net profit of $341.87 million. In comparison, last year the company earned a revenue of $1.01 billion and had a net profit of $349.36 million
