Citi upgrades First Solar, says Biden plan creates 'catalyst-rich environment' for stock

A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente Solar Project in Yuma County, Arizona.
Joshua Lott | Bloomberg | Getty Images

President Joe Biden's green energy push could be a boon for shareholders of First Solar, according to analysts at Citi.

The firm upgraded the solar panel stock to buy from neutral on Monday, saying that the company was well-positioned to benefit from the White House push for green energy.

More In Street Calls

CNBC ProHere are Thursday's biggest analyst calls of the day: Apple, FedEx, Boeing, Microsoft, Bumble & more
CNBC ProElon Musk's bitcoin backtrack could make Tesla shares even more volatile, Wedbush says
CNBC ProJPMorgan upgrades BJ's Wholesale Club, says membership program is undervalued