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UPDATE: Northland Capital Markets Upgrades First Solar (FSLR) to Market Perform

February 25, 2015 6:59 AM EST
Get Alerts FSLR Hot Sheet
Price: $149.48 +1.40%

Rating Summary:
    29 Buy, 18 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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(Updated - February 25, 2015 7:55 AM EST)

Northland Capital Markets upgraded First Solar (NASDAQ: FSLR) from Underperform to Market Perform with a price target of $51.00 (from $46.00).

Analyst Colin Rusch said, "With FSLR’s announcement of its intention to list a yield co, we are moving to the sidelines for now until further details are available on the yield co. Upgrading from Underperform to Market Perform; price target increased from $46 to $51 based on the assumption company deploys 3GW into its yield co by the end of 2017 at a CAFD of $0.08/W, with a dividend yield of 3.5% translating into $6B in market cap and discounted one year at 15%."

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 $54.70 yesterday.



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