Cowen Positive on First Solar (FSLR), SunPower (SPWR) Joint Venture; Offers Initial Commentary
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First Solar (FSLR) PT Raised to $75 at Needham & Company
February 25, 2015 7:23 AM ESTNeedham & Company analyst Y. Edwin Mok reiterated a Buy rating and boosted his price target on First Solar (NASDAQ: FSLR) to $75.00 (from $70.00) following Q4 results and the YieldCo JV with SunPower.
Mok commented, "FSLR reported a mixed 4Q14 due to its decision... More
BofA/Merrill Lynch Upgrades First Solar (FSLR) to Neutral
February 25, 2015 6:55 AM ESTBofA/Merrill Lynch upgraded First Solar (NASDAQ: FSLR) from Underperform to Neutral with a price target of $58.00 (from $50.00).
Analyst Krish Sankar said with the YieldCo in play they see downside protection near term.
Despite sharp cuts to the firm's CY15 estimates, a pipeline... More
SunPower (SPWR) Tops Q4 EPS by 2c; Guides Q1 Below the Street, Withdraws FY15 Outlook on YieldCo News
February 24, 2015 8:05 AM ESTSunPower (NASDAQ: SPWR) reported Q4 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $609.7 million versus the consensus estimate of $606.83 million.
SunPower sees Q1 2015 EPS of $0.05-$0.15, versus the consensus of $0.25. SunPower sees Q1 2015 revenue of $410-460 million, versus the consensus of $544.73 million.
SunPower believes that its underlying business fundamentals for 2015 remain strong. However, as a result of company's announcement on February 23,... More
Deutsche Bank Upgrades First Solar (FSLR) to Buy on Yieldco JV
February 24, 2015 6:36 AM ESTDeutsche Bank upgraded First Solar (NASDAQ: FSLR) from Hold to Buy with a price target of $68.00 (from $60.00). The change follows news it and SunPower (NASDAQ: SPWR) plan to form a joint Yieldco.
Analyst Greg Poole said,... More
