Goldman Sachs Lifts Price Target On First Solar (FSLR) Following Results
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Price: $49.98 +3.33%
Rating Summary:
4 Buy, 23 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
4 Buy, 23 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade FSLR Now!
Goldman Sachs raised their price target on Conviction Buy List-rated First Solar (NASDAQ: FSLR) from $165 to $190 following "solid" Q4 results after the close.
The firm raised their 2012 EPS by 5% to $11.50 and 2013 from by 3% to $12.50.
Similar to Q3, Goldman expects a skittish reaction in the stock short-term. "While expectations for a good print and outlook have already driven the shares up 27% ytd, we see another 15% upside." The firm cited cost reduction that are on track, an intact near-term demand environment, and a growing pipeline buffer.
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $164.68 yesterday, with a 52 week range of $98.71-$175.45.
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The firm raised their 2012 EPS by 5% to $11.50 and 2013 from by 3% to $12.50.
Similar to Q3, Goldman expects a skittish reaction in the stock short-term. "While expectations for a good print and outlook have already driven the shares up 27% ytd, we see another 15% upside." The firm cited cost reduction that are on track, an intact near-term demand environment, and a growing pipeline buffer.
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $164.68 yesterday, with a 52 week range of $98.71-$175.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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