Movement Alert|First Solar Rises 5.01% in Regular Trading, UBS Raises Target Price to $330 Maintaining Buy Rating

Market Focus
06/11

On June 11, First Solar rose 5.01% in regular trading, trading at $260.94/share, with turnover of $124 million.

On the news front, UBS raised its target price on First Solar from $290 to $330 while maintaining a buy rating. The upgrade came after the stock had experienced a cumulative decline of nearly 10% over the prior two sessions, driven by analyst downgrades following a divergence between the company's earnings performance and order backlog. UBS's contrarian upgrade has helped restore market confidence. The average analyst rating remains overweight with a mean price target of $249.74 according to FactSet.

Within the Semiconductors sector, the broader industry rebounded strongly. Among individual stocks, Intel up 8.01%, Marvell Technology up 5.63%, Advanced Micro Devices up 4.86%, Micron Technology up 2.94%, NVIDIA up 1.05%, providing additional support to First Solar's recovery.

First Solar is a leading U.S. solar technology company and the world's largest thin-film photovoltaic solar module manufacturer, developing and selling cadmium telluride solar modules that convert sunlight into electricity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10