AI Boom Needs Electricity — These Solar ETFs Could Be the Beneficiaries
Elon Musk’s solar push comes as AI data centers drive soaring power demand, creating a potential tailwind for clean energy ETFs.
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Deutsche Bank Maintains Buy on First Solar, Raises Price Target to $299
Deutsche Bank analyst Corinne Blanchard maintains First Solar (NASDAQ:FSLR) with a Buy and raises the price target from $272 to $299.
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BMO Capital Upgrades First Solar to Outperform, Raises Price Target to $263
BMO Capital analyst Ameet Thakkar upgrades First Solar (NASDAQ:FSLR) from Market Perform to Outperform and raises the price target from $237 to $263.
Canadian Solar Q2 Loss Wider Than Estimates, Revenues Fall Y/Y
Canadian Solar reported a wider Q2 2026 loss of $1.40 per share despite beating revenue estimates at $1.21 billion. However, revenues declined 28.7% year-over-year due to lower gross margins and reduced module shipments. Battery storage shipments surged 73% year-over-year, showing strength in that segment. The company guided Q3 revenues of $1.30-$1.50 billion with gross margins of 13.5%-15.5%. Other solar companies showed mixed results: Enphase Energy missed revenue expectations with declining earnings, First Solar beat earnings estimates, and SolarEdge Technologies exceeded both earnings and revenue expectations.