First Solar Stock Soars After an Upgrade. The Sector Is Hot.

First Solar


stock jumped Friday after an analyst at UBS said the solar panel company is in a great position because of the Inflation Reduction Act.

UBS analyst Jon Windham upgraded shares of


First Solar


(ticker: FSLR) to Buy from Neutral and increased his price target to $250 from $140. That implies an approximate 20% jump in the stock from its current share price.