Keep an eye on First Solar (FSLR), we noted on December 8.
At the time, FSLR traded at just $148.75 when we said, “After a devastating pullback, the solar stock is showing signs of life. All after Morgan Stanley upgraded the stock to overweight with a $237 price target. The firm pointed to four key catalysts for potential upside, including declining interest rates, deflation of core clean energy technologies, the election cycle, and earnings growth.”
Today, FSLR is up to $172.66 and could still see higher highs. Morgan Stanley also just upgraded FSLR to an overweight rating, with a $237 price target. They argue the solar stock as a “near-term competitive moat” as a vertically integrated U.S.-based solar-panel maker.