First Solar (NASDAQ:FSLR) Raised to Buy at HSBC

HSBC has upgraded First Solar (NASDAQ:FSLR) from a "hold" to a "buy" rating, contributing to the stock's 4.3% rise. This upgrade, coupled with positive sentiment from new U.S. tariffs on polysilicon products and strong quarterly earnings of $3.92 per share, suggests a favorable outlook for the company despite insider stock sales and a pending securities class action lawsuit. Analysts currently hold a "Moderate Buy" consensus for First Solar with an average price target of $254.89.