Deutsche Bank Q2 Review on First Solar (FSLR): Low Quality or Conservative Raise?
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Price: $52.40 --0%
Rating Summary:
4 Buy, 23 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 10
Rating Summary:
4 Buy, 23 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 10
Trade FSLR Now!
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, with a 52 week range of $11.43-$117.93.
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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, with a 52 week range of $11.43-$117.93.
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