Today's most important initiations

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Deutsche Bank initiated coverage on First Solar (NASDAQ:FSLR) with a Buy rating and a price target of $180.00, noting it values the long-term opportunities ahead, with doubling production capacity by 2025 with an increased domestic presence.

JPMorgan initiated coverage on Prime Medicine Inc (NASDAQ:PRME) with an Overweight rating and a price target of $27.00.

Stephens initiated coverage on Repay Holdings Corp (NASDAQ:RPAY) with an Overweight rating and a price target of $9.00. Despite exposure to economically sensitive verticals, the analysts see the risk/reward as favorable and believe the valuation overlooks secular tailwinds/stabilizing factors that contribute to above-peer growth.

Deutsche Bank initiated coverage on Sunnova Energy International Inc (NYSE:NOVA) with a Buy rating and a price target of $36.00 on an attractive growth profile, with a customer base to expand 40%+ in 2023.

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