Auriga Starts First Solar (FSLR) at Buy

Auriga initiates coverage on First Solar (NASDAQ: FSLR) with a Buy rating and $157 price target.

The firm states, "First Solar is the solar PV industry's low cost leader with a flexible business model targeted at the solar module and solar power project markets. We believe First Solar's efficient manufacturing , solid operational track record , and strong balance sheet position it better than its peers to weather the continued ASP pressure across the solar PV value chain. With strong fundamentals backing valuation, we rate First Solar's stock a Buy with a $157 price target."

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 $124.12 yesterday.

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