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Jefferies cuts First Solar price target to $196 amid guidance cuts, tariffs, and lawsuit concerns

Analyst Insights
03 Aug 2026
Alex Lavoie
View Source
Bearish
pluang ai news

Jefferies has lowered its price target for First Solar from $207 to $196 following a downgrade to "Hold." The adjustment reflects challenges including lowered guidance, significant order cancellations, and margin compression, which reduce profitability. International operations face difficulties due to tariffs, impacting costs and efficiency. Additionally, a securities class action lawsuit related to a sharp stock price drop between February 2025 and 2026 adds to investor concerns. These factors have dampened analyst confidence and may affect First Solar's near-term performance.

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