First Solar (FSLR) Named Top 2015 Solar Pick at Baird; PT Cut to $62
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Rating Summary:
29 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Baird analyst Ben Kallo named First Solar (NASDAQ: FSLR) his Top Solar Pick for 2015. However, while maintaining an Outperform rating the firm cut its price target to $62.00 (from $87.00).
Kallo commented, ". FSLR is our top solar pick for 2015, which appears to be a contrarian play as the stock has poor sentiment because of FSLR's focus on utility-scale projects. That said, FSLR remains an industry leader, and we expect efficiency gains, cost reductions, entrance into new markets, and FSLR’s upcoming analyst day (which should provide clarity around a yieldco/holdco strategy) to be positive catalysts in 2015."
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 $44.55 yesterday.
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