Oppenheimer Starts First Solar (FSLR) at Outperform

(Updated)

Oppenheimer initiated coverage on First Solar (NASDAQ: FSLR) with an Outperform rating and a price target of $61.

Analyst Colin Rusch said, "With impressive recent cost reduction which remains on track to continue, we see FSRL regaining the mantle of solar’s cost leader and being able to extend that lead. We anticipate the company will be able to outbid peers on a price basis going forward and still see expanding project margins, but are somewhat cautious on the mix shift becoming too heavily weighted to module sales."

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 $46.94 yesterday.

You May Also Be Interested In

• Evercore ISI Upgrades First Solar (FSLR) to Outperform
• Sleep Number (SNBR) PT Raised to $13 at Piper Sandler
• Capitol Federal Financial (CFFN) PT Lowered to $5.50 at Piper Sandler