Goldman Sachs Pounds the Table On First Solar (FSLR), Sees 33% Upside

Goldman Sachs made positive comments on First Solar (NASDAQ: FSLR) today, reiterating their Conviction Buy List rating and $175 6-month price target saying shares provided the most favorable and visible risk/reward in the sector.

The firm cited, "(1) cost reductions – which continue on plan; (2) a large and growing project pipeline – providing a multi-year buffer against lower ASPs and margins in its thirdparty business; (3) a strong balance sheet and returns; and (4) diversifying global demand."

While saying Buy First Solar, Goldman said sell SunPower (Nasdaq: SPWRA).

For more ratings news on First Solar click here and for the rating history of First Solar click here.

Shares of First Solar closed at $132.87 yesterday.

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