UBS Maintains a 'Neutral' on First Solar (FSLR); Near Term Industry Trends Still Challenging
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Price: $218.10 -3.31%
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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UBS maintains a 'Neutral' on First Solar (NASDAQ: FSLR) price target lowered from $49.50 to $40.00.
UBS analyst says, "Solar kept its full year 2012 EPS guidance at $4.00 as it shifts more modules to its higher margin utility business (was 64% of 4Q11 sales) but lowered its sales guidance by -5% as it sells -45% less modules to 3rd party suppliers than expected given higher price pressure. First Solar will now run production fabs at utilization rates of 65% (was 80% previously) as solar subsidy cuts continue in Europe...First Solar still has solid 2012 free cash flow with guidance at $5.25/ share. Our 2012 and 2013 EPS estimates remain unchanged at $4.00 and $4.50."
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.
UBS analyst says, "Solar kept its full year 2012 EPS guidance at $4.00 as it shifts more modules to its higher margin utility business (was 64% of 4Q11 sales) but lowered its sales guidance by -5% as it sells -45% less modules to 3rd party suppliers than expected given higher price pressure. First Solar will now run production fabs at utilization rates of 65% (was 80% previously) as solar subsidy cuts continue in Europe...First Solar still has solid 2012 free cash flow with guidance at $5.25/ share. Our 2012 and 2013 EPS estimates remain unchanged at $4.00 and $4.50."
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.
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