Solar Energy Is Likely to Get a Boost This Year. But Not All Stocks Will Benefit :
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Solar Energy Is Likely to Get a Boost This Year. But Not All Stocks Will Benefit :

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Solar energy should get a boost this year with a new administration focused on encouraging renewable energy. But not all solar firm stocks will benefit.

Goldman Sachs cut First Solar (FSLR) to Sell with an $81 price target, seeing a 16% drop from Monday’s closing price after rising 61% over one year.

At the same time, Goldman raised Enphase Energy (ENPH) to Buy with a $232 price target, a 32% gain from Monday’s close after rising 513% over one year.

It’s a tale of two growth stories, the bank said. First Solar’s earnings and revenue have already peaked for this cycle, Goldman analyst Brian Lee said in a note on Monday night. Margins are expected to peak in the first half of this year.

The data is compiled from : www.barrons.com/



For More Details, Please Read: https://www.barrons.com/articles/solar-energy-will-get-a-boost-this-year-not-all-stocks-will-benefit-51609927200