First Solar Stock Hits 52-Week High Amid Analyst Optimism
First Solar (NASDAQ: FSLR) surged 8.9% to a 52-week high of $248.04 following bullish analyst reports. Citigroup raised its price target to $300, citing confidence in the company's U.S. expansion and rising demand for solar products.
The stock's year-to-date gain now exceeds 38%, reflecting strong momentum in the clean energy sector. Analyst Vikram Bagri highlighted near-term catalysts, including new factory announcements and favorable trade reviews, as key drivers for future growth.