First Solar (FSLR) Remains A Top Pick at JPMorgan Ahead of Series 6 Earnings Surge

October 15, 2019 6:26 AM EDT
Get Alerts FSLR Hot Sheet
Price: $81.35 -1.93%

Rating Summary:
    13 Buy, 21 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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JPMorgan analyst Paul Coster reiterated an Overweight rating and $82.00 price target on First Solar (NASDAQ: FSLR) on the belief that believe that the company is heading toward a strong earnings inflection on the back of the Series 6 ramp that is not fully priced into the stock.

The analyst stated "We have high conviction that the stock can outperform if the 2H19 Series 6-related earnings surge plays out as forecast. 2H19 estimated EPS represents a more normalized earnings power for the company and points to potential for massive upside to consensus".

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 $56.49 yesterday.

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