Jefferies Reiterates Hold Rating on First Solar (FSLR)
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Get Alerts FSLR Hot Sheet
Rating Summary:
39 Buy, 17 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 35 | New: 4
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Jefferies analyst Sean Milligan reiterated a Hold rating and $199.00 price target on First Solar (NASDAQ: FSLR).
The analyst comments "$500M share repurchase the clear positive. However, 3Q results reinforce our view of higher for shorter module pricing environment. In fact, commentary around module buyers delaying purchasing decisions, lack of clarity around U.S. ASP's, and change in contracting strategy leaves us incrementally more cautious on market backdrop. PT stays at $199 as MTM against higher comp multiples, maintain Hold."
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 $176.89 yesterday.
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