Jul 1, 2011
UBS increased its price target for First Solar (NASDAQ:FSLR) to $170 from $165 today and reiterated its buy rating on the stock.
The move comes after First Solar received conditional loan guarantees yesterday worth $4.5 billion from the Department of Energy to support three large solar panel projects in California.
Shares of First Solar are trading up 0.31% at $132.68.
First Solar has a potential upside of 14.3% based on a current price of $132.68 and an average consensus analyst price target of $151.63.
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