FirstSolar's (FSLR) Trough Year Likely 2017; Cutting PT - Stifel
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Lack Of FirstSolar (FSLR) Guidance Confirms Needham & Company's Concerns
April 6, 2016 6:40 AM EDTNeedham & Company analyst, Edwin Mok, thinks that lack of 2017 guidance and little increase to capacity likely disappointed investors at First Solar (NASDAQ: FSLR) Investor event. The analyst also believes that the lack of guidance confirms that FSLR will face a hole in its pipeline in 2017, leading him to maintain 2017 EPS of $3.00, below Street's $3.81. Despite yesterday's sell-off, the analyst believes the stock looks fairly valued... More
