Canaccord Genuity Maintains a 'Hold' on First Solar (FSLR); More Questions Than Answers

May 4, 2012 11:29 AM EDT
Get Alerts FSLR Hot Sheet
Price: $34.75 +0.96%

Rating Summary:
    12 Buy, 28 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Canaccord Genuity maintains a 'Hold' on First Solar (NASDAQ: FSLR) price target lowered from $22 to $20.

Analyst, Jonathan Dorsheimer, said, "We maintain our rating on FSLR shares amid general uncertainties in its end markets and its specific ability to generate sufficient demand beyond its current pipeline...We are staying on the sidelines with a HOLD rating given these risks. We are meeting with the company at headquarters next week to better assess these issues and meet new management. We will provide further commentary as warranted."

For an analyst ratings summary and ratings history on First Solar click here. For more ratings news on First Solar click here.

Shares of First Solar closed at $18.07 yesterday.

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