Deutsche Bank upgrades First Solar as U.S. trade policy shift seen lifting shares
After a steep recent selloff, First Solar is drawing renewed support from Wall Street as investors weigh the outcome of a U.S. investigation into polysilicon imports. Deutsche Bank says the stock offers room for upside if upcoming policy clarifications improve access to a key solar material and support a stronger second half.
Highlights
- Deutsche Bank upgraded First Solar to buy from hold and raised its price target to $272, projecting nearly 17% upside from Monday's close.
- Analyst Corinne Blanchard expects a favorable U.S. Section 232 polysilicon decision in August, likely a fixed tariff per watt, potentially supporting First Solar operations.
- First Solar shares have fallen 24% since June 1 amid anticipation of U.S. trade-policy clarity, with 25 of 42 analysts rating the stock buy or strong buy according to LSEG data.
Upgrade call and policy catalyst
As reported by CNBC, Deutsche Bank has upgraded First Solar to buy from hold and raised its price target to $272 from $245, implying nearly 17% upside from Monday's close.Analyst Corinne Blanchard says the recent sharp pullback creates an entry point for investors ahead of a stronger second half, a more normalized 2027 business year and expected clarifications on the Section 232 polysilicon investigation in the coming weeks.
She adds that the U.S. is expected to give its decision in August. The market expects a fixed tariff per watt rather than quotas on imports of solar panel materials, a scenario that could be more supportive for First Solar's operations.
Market context and sector implications
First Solar shares have fallen 24% since June 1 as investors wait for the outcome of the U.S. investigation into imports of polysilicon, a critical material used in solar panels, semiconductors and other technologies.Deutsche Bank says wider access to polysilicon imports after the investigation could help First Solar scale production and support the stock. The bank's view broadly aligns with Wall Street sentiment, with LSEG data showing that 25 of the 42 analysts covering the company rate the shares buy or strong buy.
Our earlier article on Brookfield Asset Management (BAM) highlighted the stock’s strong technical momentum as it traded above key moving averages, while also flagging overbought signals and resistance near the 200-day average. We also noted that investor attention was shifting to concrete catalysts, including the August 5 Q2 2026 earnings release and the parent company’s expanded clean-energy commitment tied to powering off-grid AI data centers, which could support sentiment but still leaves room for a pullback if support breaks.
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