First Solar (FSLR) Yieldco Opportunity Overshadows Q2 'Miss', Baird Says

Go back to First Solar (FSLR) Yieldco Opportunity Overshadows Q2 'Miss', Baird Says

Cowen Trims PT on First Solar (FSLR) Following Q2 Results; Some Execution Risk Remains

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

UBS Comments on First Solar (FSLR) Following Q2 Earnings Results

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

BofA/Merrill Lynch Keeps Underperform on First Solar (FSLR) Post Q2

August 6, 2014 8:23 AM EDT

BofA/Merrill Lynch analyst Krish Sankar reiterated an Underperform rating and $50 price target on First Solar (NASDAQ: FSLR) following weak Q2 results due to project delays.

Sankar notes the cause of the 2Q14 miss is delayed revenue recognition at the Campo Verde project,... More

Needham & Company Upgrades First Solar (FSLR) to Buy on Possible Yieldco, Bookings Strength and Efficiency Gain

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

First Solar, Inc. (FSLR) Misses Q2 Views, Maintains Outlook

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