First Solar (FSLR) PT Trimmed at Needham & Company Following Q3 Print and No Yieldco
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Cowen Trims PT on First Solar (FSLR) to $56; FY15 Outlook Strong, But YieldCo Decision Will Pressure Shares
November 7, 2014 11:08 AM ESTCowen and Company trims its price target on First Solar (Nasdaq: FSLR) from $70 down to $56 and maintains a Market Perform rating following Q3 results and outlook.
Analyst Jeffrey Osborne offered the following commentary:
YieldCo Decision Likely to Weigh on Shares
While First Solar reiterated guidance and we have been impressed with pipeline growth, especially international trends in recent quarters, the decision by management to forgo a YieldCo and focus... More
First Solar (FSLR) Price Target Reduced to $60 at UBS
November 7, 2014 9:42 AM ESTUBS maintained a Neutral rating on First Solar (NASDAQ: FSLR) and lowered its price target to $60.00 (from $70.00). The change follows its Q3 print and news it will not pursue a YieldCo.
"FSLR announced their intention to not pursue a YieldCo strategy of their own, citing the fact that it may not... More
First Solar (FSLR) Bullish Stance Reiterated at Baird Despite Mixed Quarter
November 7, 2014 7:39 AM ESTBaird analyst Ben Kallo reiterated an Outperform rating and $87 price target on First Solar (NASDAQ: FSLR) following third quarter results.
Kallo commented, "FSLR posted a mixed quarter but largely maintained full-year guidance. Bears will likely focus on FSLRs decision not... More
First Solar (FSLR) Posts Q3 EPS of $0.87; Lowers FY Rev Guidance, Maintains EPS
November 6, 2014 4:27 PM ESTFirst Solar (NASDAQ: FSLR) reported Q3 EPS of $0.87, which includes benefits and does not compare to the analyst estimate of $0.64. Revenue for the quarter came in at $889 billion versus the consensus estimate of $1.05 billion.
First Solar maintained FY2014 EPS of $2.40-$2.80, versus the consensus... More
