Canaccord Genuity on First Solar (FSLR); Executing Better Than The Group, But...

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

Analyst, Jonathan Dorsheimer, said, "Despite the progress this year, there are many uncertainties in the longer-term. While the company is investing in emerging markets and is sure to win good utility business, we remain concerned with the pace required to keep the fabs reasonably utilized (we calculate sustained average wins of at least 900MW per year – higher than its current pace; see our 7/30 preview).

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.

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