Deutsche Bank Recommends First Solar Amid Pullback, Citing Near-Term Policy Catalysts

Deutsche Bank advises investors to consider adding First Solar (NASDAQ: FSLR) to their portfolios ahead of an anticipated uplift from potential shifts in U.S. trade policy. The bank upgradedthe solar manufacturer to a buy rating from hold and raised its price target to $272 from $245, suggesting roughly 17% upside from Monday’s closing price. In a note to clients on Monday, analyst Corinne Blanchard explained that the stock’s recent sharp decline offers an attractive entry point. She highlighted three forthcoming catalysts: a stronger second half of the year (weighted at approximately 62% of expectations), a normalized 2027 business year, and clarifications on Section 232 polysilicon investigations expected in the coming weeks. First Solar shares have declined 24% since June 1, as the market awaits the outcome of the U.S. inquiry into polysilicon imports—a key material for solar panels, semiconductors, and other technologies. Deutsche Bank contends that the U.S. may broaden access to polysilicon imports following the probe, enabling First Solar to scale operations and providing a boost to its shares. Blanchard noted that a decision is anticipated in August and that the market expects a fixed tariff per watt rather than import quotas, which would serve as a tailwind for the company. The recommendation aligns with prevailing Wall Street sentiment. According to LSEG data, 25 of the 42 analysts covering First Solar rate the stock as a buy or strong buy.

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