First Solar (FSLR) PT Lowered to $48 at Baird

November 3, 2016 7:35 AM EDT
Get Alerts FSLR Hot Sheet
Price: $33.54 +1.12%

Rating Summary:
    12 Buy, 28 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade FSLR Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Baird analyst Ben Kallo lowered his price target on First Solar (NASDAQ: FSLR) to $48.00 (from $58.00) while maintaining an Outperform rating.

Kallo commented, "Q3 results exceeded our estimates with strong gross margin. Bookings remain a focus of the company and, despite continued market headwinds, FSLR is targeting a book to bill ratio of 1:1 for 2016. Importantly, FSLR will provide 2017 guidance on November 16, and we believe 2017 will be a trough earnings year as market oversupply drives further industry consolidation. That said, we would be buyers on weakness as FSLR remains well positioned for long-term growth."

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 $40.58 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Robert W Baird, Earnings, Ben Kallo

Add Your Comment