Updates

** Solar panel maker First Solar FSLR.O lowered its annual sales and profit forecast on Tuesday on near-term tariff-related challenges

** At least 3 brokerages cut PT; Median PT of 38 brokerages covering the stock is $215 - data compiled by LSEG

TARIFFS TO HIT INTERNATIONAL MARKETS

** J.P. Morgan ("Overweight," PT: $200) says FSLR's Q1 revenue aligned with expectations, while gross margin was "negatively impacted by mix and timing of shipments"

** "While tariffs are disruptive ... we expect relatively more disruption to competition and note that FSLR has historically benefited during periods of U.S. customer uncertainty" - JPM

** Susquehanna ("Positive," PT: $186) says elevated tariffs are expected to raise costs and hurt shipment volumes given that most of Vietnam and Malaysian shipments go to the U.S. market

** However, brokerage does not expect any impact on U.S. shipments as the company has seen conversations pick up for new bookings on its domestic volume

** Citigroup ("Buy/High Risk," PT: $198) says FSLR could renegotiate with customers to share the tariffs and duty exposure on both finished goods and raw materials

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com))