Street view: First Solar's U.S. business well positioned amid tariff uncertainity

Solar panel maker First Solar FSLR.O lowered its annual sales and profit forecast on Tuesday on near-term tariff-related challenges

At least 3 brokerages cut PT; Median PT of 38 brokerages covering the stock is $215 - data compiled by LSEG

TARIFFS TO HIT INTERNATIONAL MARKETS

J.P. Morgan ("Overweight," PT: $200) says FSLR's Q1 revenue aligned with expectations, while gross margin was "negatively impacted by mix and timing of shipments"

"While tariffs are disruptive ... we expect relatively more disruption to competition and note that FSLR has historically benefited during periods of U.S. customer uncertainty" - JPM

Susquehanna ("Positive," PT: $186) says elevated tariffs are expected to raise costs and hurt shipment volumes given that most of Vietnam and Malaysian shipments go to the U.S. market

However, brokerage does not expect any impact on U.S. shipments as the company has seen conversations pick up for new bookings on its domestic volume

Citigroup ("Buy/High Risk," PT: $198) says FSLR could renegotiate with customers to share the tariffs and duty exposure on both finished goods and raw materials