First Solar shares were boosted to buy at Citigroup. The firm also opened a 90-day catalyst watch on the solar energy equipment maker.
Citigroup analyst J.B. Lowe hiked First Solar's share-price target to $100 from $88 a share. The analyst sees many tailwinds ahead for the company, such as the potential inclusion of a 10-year solar tax credit extension and the revival of the 48C Advanced Manufacturing Tax Credit. Lowe also sees benefits from U.S. trade policy, including the extension of Section 201 tariffs on imported Chinese panels and possible sanctions against solar products sourced from Xinjiang.