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 Friday's biggest analyst calls of the day: Tesla, Coinbase, Robinhood, GM, Nike & more
CNBC ProRoku shares are falling after Wells Fargo downgrades the stock, citing rising competition
CNBC ProGoldman picks 9 semiconductor stocks to pop on new 'extreme ultraviolet' trend