First Solar (FSLR) Price Target Reduced to $60 at UBS

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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 EST

Cowen 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) PT Trimmed at Needham & Company Following Q3 Print and No Yieldco

November 7, 2014 7:45 AM EST

Needham & Company analyst Y. Edwin Mok maintained a Buy rating on First Solar (NASDAQ: FSLR) but trimmed his price target to $70.00 (from $75.00) following Q3 results and management;s decision no to pursue a public yieldco.

Mok commented, "FSLR reported a weaker-than-expected 3Q14 and lowered... More

First Solar (FSLR) Bullish Stance Reiterated at Baird Despite Mixed Quarter

November 7, 2014 7:39 AM EST

Baird 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 EST

First 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