01:20 PM EDT, 03/27/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
Our $32 target (up from $19) is 33x our 2027 EPS view, near its five-year average but above our prior multiple (20x) on upside from the Iran conflict. We maintain our 2026 EPS view at -$0.58 and 2027 at $0.97. We remain negative on the demand environment given (1) YE 2025's residential solar tax credit expiration in the U.S. should drive a ~20% decline in resi solar installs in 2026, (2) competition remains fierce, and (3) interest rate futures are seeing upward pressure from the war's inflationary effects, presenting a headwind to installation activity. Nonetheless, we acknowledge that a period of extended oil prices could drive increased solar demand on resiliency concerns, especially in Europe. We have a Sell view (upgraded from Strong Sell) as shares' ~50% rise since the start of the conflict reflects overly bullish assumptions around the pace and level of solar adds owing to higher oil prices, especially as significant capacity has already been added since the start of the Russia/Ukraine conflict.