Morgan Stanley has revised its price target for Shoals Technologies (SHLS), reducing it from $7 to $6, while maintaining an Overweight rating on the stock. Despite this adjustment, Shoals remains a key player alongside First Solar (FSLR, Financial) in the utility-scale solar sector, according to the firm's analysis.
This revision is part of Morgan Stanley's updated market model, which considers new cost of capital assumptions. Although the price target has been lowered, the firm continues to express confidence in Shoals' potential to excel in the domestic utility-scale solar industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for First Solar Inc (FSLR, Financial) is $232.22 with a high estimate of $304.00 and a low estimate of $145.00. The average target implies an upside of 71.84% from the current price of $135.14. More detailed estimate data can be found on the First Solar Inc (FSLR) Forecast page.
Based on the consensus recommendation from 38 brokerage firms, First Solar Inc's (FSLR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Solar Inc (FSLR, Financial) in one year is $312.97, suggesting a upside of 131.6% from the current price of $135.135. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Solar Inc (FSLR) Summary page.
