Mizuho Securities Starts First Solar (FSLR) at Neutral

Mizuho Securities initiates coverage on First Solar (NASDAQ: FSLR) with a Neutral rating and a price target of $71.00.

Analyst James von Riesemann commented, "We are initiating coverage of FSLR with a Neutral recommendation and establishing a 12 month $71 per share price target. FSLR is a best-in-class, and the largest, US solar manufacturer/developer in the utility scale market. Barring any major strategic announcements at its April 5 analyst day, the recent extension of investment tax credits and production capabilities appears reflected in the shares. We believe additional clarity on project backlogs, and the 2017 (and perhaps 2018) opportunity set is key to the stock performance from current levels."

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 $69.30 yesterday.

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