Deutsche Bank Q2 Review on First Solar (FSLR): Low Quality or Conservative Raise?

August 2, 2012 7:38 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
Trade FSLR Now!
Join SI Premium – FREE
Deutsche Bank maintains a 'Hold' on First Solar (NASDAQ: FSLR) price target of $17.00.

Deutsche analyst said, "Upside to Q2 results/2012 guidance along with positive comments around captive pipeline development are likely the 2 main factors driving positive after-hours share price performance, in our view. Although the progress on pipeline front so far appears to be encouraging, several questions around profitability of pipeline and sustainability/quality of 2H12 earnings momentum remain."

"Considering the increasing headwinds in growing 2013 non-captive shipments (due to lower German/Italian shipments, no exposure to China/Japan), we see utilization rates decreasing again from 1H13, costs increasing and overall earnings power decreasing from ~$3 run-rate." (FY12 EPS estimate raised from $4.27 to $4.30)

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 $14.80 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Deutsche Bank, Earnings

Add Your Comment