Canaccord Genuity Maintains a 'Hold' on First Solar (FSLR); N-T Results Not a Concern, Risk Remains L-T Growth

Canaccord Genuity maintains a 'Hold' on First Solar (NASDAQ: FSLR) price target of $15.00 (from $20.00).

Analyst, Jonathan Dorsheimer, said, "Recent headlines about new renewable targets in Japan and China with strong installation data from Germany and a belief that the industry has bottomed have caused the solar group to rise by approximately 20% in the past two months...We feel that this appreciation represents a good opportunity to revisit the long and short theses on the group, as expectations seem to have risen ahead of what we feel will be another disappointing series of quarters."

Again Dorsheimer still feels the easy money in solar has been made (shorting) and shorting now may now make sense from a risk/reward perspective. Only look for companies with clear liquidity issues at this point.

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 $14.50 yesterday.

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