Goldman Sachs Sticks With Buy on First Solar (FSLR) Despite Q4 Miss

Goldman Sachs is maintaining its Buy rating and $45 price target on First Solar (NASDAQ: FSLR) despite weaker-than-expected fourth quarter results.

The firm said the see a positive risk/reward for FSLR relative to solar peers, despite uncertain near-term path with few visible positive catalysts. Goldman notes shares are trading closer to their $26 estimate for the NPV of its 2012-2014 projects plus cash and also cited potential to achieve a longer-term cost profile meaningfully lower than China-based competitors.

The firm maintained FY12 EPS of $5.50 and lowered FY13 EPS from $6 to $5.50 and FY14 from $6.25 to $5.75.

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 $36.40 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Optimum Communications gets NYSE non-compliance notice over stock price