First Solar experienced analyst optimism with upgraded ratings and price targets from Deutsche Bank and Wells Fargo, despite facing a securities fraud lawsuit. Concurrently, Element Solutions agreed to be acquired by Solstice Advanced Materials in a cash-and-stock deal valued at $14.5 billion. The combined entity projects 2025 net sales of approximately $6.8 billion, while multiple law firms are investigating the deal for potential undervaluation of Element Solutions for its shareholders.
Element Solutions agrees to a $14.5B cash-and-stock merger with Solstice to expand in data center materials, as law firms probe the deal's valuation.
Read the full storySolstice Advanced Materials acquires Element Solutions for $14.5B to scale AI infrastructure, prompting a UBS upgrade to 'Buy' with a $78 target.
Deutsche Bank and Wells Fargo upgraded First Solar, citing potential gains from U.S. tariffs despite an ongoing securities fraud lawsuit.