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First Solar Lights Up on Addition to Goldman Conviction List

M. Corey Goldman

First Solar stock gained $3.87, rising to $60 on the Nasdaq Stock Market, after Goldman Sachs analyst Brian Lee added the company to the firm's Conviction Buy List and raised his price target on the stock to $75 from $64. In a research note to clients, Lee pointed to "a backdrop of improving fundamentals in the global solar landscape" in addition to "continued strength in the U.S. utility scale development pipeline," as tailwinds that First Solar "is well positioned to harvest," the analyst said.