BofA/Merrill Lynch Keeps Underperform on First Solar (FSLR) Post Q2
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August 6, 2014 10:02 AM EDT
Cowen and Company trims its price target on First Solar (Nasdaq: FSLR) from $68 down to $62 and maintains a Market Perform rating following Q2 results.
Analyst Robert Stone issued the following commentary: Revenue was $544MM (vs. St. $796MM), as an inverter integration issue... More
August 6, 2014 9:31 AM EDT
UBS maintained a Neutral rating on First Solar (NASDAQ: FSLR) and reduced its price target to $70.00 (from $75.00). The change follows Q2 results.
Analyst Stephen Chin said, "We highlight strong bookings of +800MW, mid-late pipeline of 1.3GW (near flat q/q), and a new cell efficiency record of 21.4% as building... More
August 6, 2014 9:06 AM EDT
Baird analyst Ben Kallo reiterated an Outperform rating and $87 price target on First Solar (NASDAQ: FSLR), saying the Yieldco opportunity overshadows the quarterly push-out.
Kallo commented, "FSLR missed estimates largely due to delayed timing of revenue recognition from its Desert Sunlight... More
August 6, 2014 6:36 AM EDT
Needham & Company upgraded First Solar (NASDAQ: FSLR) from Hold to Buy with a price target of $75.00.
Analyst Y. Edwin Mok cited: : 1) a high likelihood of a FSLR yieldco thereby creating meaningful value; 2) positive metrics supporting greater growth trajectory ahead; 3) near-term opportunities... More
August 5, 2014 4:12 PM EDT
First Solar, Inc. (NASDAQ: FSLR) reported Q2 EPS of $0.04, $0.33 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $544 million versus the consensus estimate of $795.88 million.
First Solar, Inc. maintained its FY2014 EPS of $2.40-$2.80, versus the consensus of... More
