UPDATE: Guggenheim Starts First Solar (FSLR) at Buy

August 3, 2021 6:15 AM EDT
Get Alerts FSLR Hot Sheet
Price: $104.74 +0.04%

Rating Summary:
    14 Buy, 21 Hold, 8 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 7
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(Updated - August 3, 2021 6:32 AM EDT)

Guggenheim analyst Joseph Osha initiates coverage on First Solar (NASDAQ: FSLR) with a Buy rating and a price target of $113.00.

The analyst comments "We are initiating research coverage of First Solar with a BUY recommendation and a $113 price target, 28% above yesterday’s closing price. FSLR is the largest US-based producer of solar panels, and one of the world’s largest non-Chinese producers. The company is also the only large-scale manufacturer of solar panels using thin-film technology as opposed to the crystalline silicon technology used by most other competitors. FSLR’s panels are used mostly for utility-scale solar installations, and we expect more than 70% of net sales to be in the United States in 2021."

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 $88.27 yesterday.


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