Jefferies Continues to See Upside to First Solar (FSLR) 2013 Estimates

Jefferies commented on First Solar (NASDAQ: FSLR) ahead of Q4 results after the close on Tuesday February 26th.

"We expect a seasonally strong qtr led by project rev recognition, however, we expect the street to largely be focused on 1) 2013 guidance and 2) new backlog generation. With 2013 cons ests remaining largely unchanged through 2012 and factoring in weak demand, underutilization and conservative pricing; we continue to see upside to 2013e."

Despite the positive comments, Jefferies maintained a Hold rating and downside $30 price target.

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 $33.81 yesterday.

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