Cantor Fitzgerald Upgrades First Solar (FSLR) to Buy; Raising Estimates on Stronger Pipeline

Article Stock Quotes (1) Comments (0)

Cantor Fitzgerald upgraded First Solar (NASDAQ: FSLR) from Hold to Buy with a price target of $23.00.

Analyst, Dale R. Pfau, said, 'We are growing more comfortable that the company can replace its project pipeline and transition to a sustainable EPC model. There may certainly be more bumps in the road, but we believe the shares are undervalued at current levels."

FY12 EPS estimate raised from $4.34 to $4.46 adnn FY13 from $2.43 to $4.56.

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 $14.80 yesterday, with a 52 week range of $11.43-$117.93.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• First Solar Announces Closing of Common Stock Offering
• First Solar (FSLR) Prices 8.5M Share Offering at $46/Sh
• Howard Weil Upgrades Royal Dutch Shell (RDS-A) to Focus Stock

Create E-mail Alert Related Categories

Upgrades

Related Entities

Cantor Fitzgerald

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?