Piper Jaffray Boosts Price Target on First Solar (FSLR) to $340
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Piper Jaffray raised its price target on First Solar (Nasdaq: FSLR) from $280 to $340, reiterating their Buy rating.
The firm expects upside to raised Q1 and Q2 estimates.
Analyst Jesse W. Pichel said, "Based on recent channel checks with FSLR's largest customers, we believe efficiency improvements are afoot and may take hold in 2H08" and "we believe demand and pricing remains strong and consequently we raise our estimates ..."
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Fslr
Theresa DeAngelo on Apr 29, 2008 10:43 PMNo tree grows to the sky, this stock is up 100 points in approximately one month.