Solar Fundamentals Improving - Analyst
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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!
Recent check by analysts at Deutsche Bank suggests strong demand in the solar supply chain. In a note today, analyst Vishal Shah said he thinks fundamentals continue to improve.
"Utilization rates at Chinese solar companies are rising, poly/ wafer prices have been increasing and even module prices have bounced off the bottom by 3-5c/W over the past few months," said the analyst.
Shah said policy outlook in solar is also improving.
"We expect favorable legislation in the US (REIT/MLP status) and also see positive government support in China, India and other emerging markets. While some risks around subsidy cuts in Japan and the UK market remain, we expect a more constructive outlook in most other emerging markets," he said.
First Solar (Nasdaq: FLSR) and Trina Solar (NYSE: TSL) report earnings next Tuesday, and Shah said he expects the reports to act as a positive catalyst.
Deutsche Bank has Hold ratings on First Solar, SunPower (Nasdaq: SPWR), and Trina Solar.
For an analyst ratings summary and ratings history on First Solar (Nasdaq: FLSR) click here. For more ratings news on First Solar click here.
Shares of First Solar closed at $34.41 yesterday, with a 52 week range of $11.43-$42.05.
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"Utilization rates at Chinese solar companies are rising, poly/ wafer prices have been increasing and even module prices have bounced off the bottom by 3-5c/W over the past few months," said the analyst.
Shah said policy outlook in solar is also improving.
"We expect favorable legislation in the US (REIT/MLP status) and also see positive government support in China, India and other emerging markets. While some risks around subsidy cuts in Japan and the UK market remain, we expect a more constructive outlook in most other emerging markets," he said.
First Solar (Nasdaq: FLSR) and Trina Solar (NYSE: TSL) report earnings next Tuesday, and Shah said he expects the reports to act as a positive catalyst.
Deutsche Bank has Hold ratings on First Solar, SunPower (Nasdaq: SPWR), and Trina Solar.
For an analyst ratings summary and ratings history on First Solar (Nasdaq: FLSR) click here. For more ratings news on First Solar click here.
Shares of First Solar closed at $34.41 yesterday, with a 52 week range of $11.43-$42.05.
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