Goldman Sachs Says Buy Cree (CREE), Universal Display (PANL) and First Solar (FSLR)

Analysts at Goldman Sachs are telling clients to buy Cree, Inc. (Nasdaq: CREE), Universal Display (Nasdaq: PANL) and First Solar (Nasdaq: FSLR) ahead of Q4 earnings.

The firm said they are staying selective in clean energy following a 50 percent decline on average for stocks they cover in the sector in 2011.

On Cree, the firm said they see solid near-term results buoyed by stable pricing and better than expected penetration into outdoor lighting.

On Universal Display, Goldman said the company is positioned to beat expectations given volume upside owing to smartphone strength at Samsung.

On First Solar, the firm said it is a secular winner in a cyclically and politically challenging sector, with downside buoyed by net cash plus the NPV of 2012-2015 projects of >$30/share.

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