Auriga Reiterates a 'Hold' on First Solar (FSLR); Zero French Expectations
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Price: $211.93 --0%
Rating Summary:
35 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 7 | New: 12
Rating Summary:
35 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 7 | New: 12
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Auriga reiterates a 'Hold' on First Solar (NASDAQ: FSLR), PT $167.
Auriga analyst says, "We reiterate our rating on First Solar after two capacity expansion announcements over the past week. While we make no change to our model until a formal announcement about the French expansion is released, we briefly compare our current model against one that would not include the French facility. The result is that our 2012 EPS estimate would change nominally and not lead to a change in our price target. We see 2012 total production decreasing by only 25MW, though more 2H12 weighted. Our $167 target is 15x our 2012 EPS estimate of $11.15."
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $149.85 yesterday.
Auriga analyst says, "We reiterate our rating on First Solar after two capacity expansion announcements over the past week. While we make no change to our model until a formal announcement about the French expansion is released, we briefly compare our current model against one that would not include the French facility. The result is that our 2012 EPS estimate would change nominally and not lead to a change in our price target. We see 2012 total production decreasing by only 25MW, though more 2H12 weighted. Our $167 target is 15x our 2012 EPS estimate of $11.15."
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $149.85 yesterday.
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