J.P. Morgan Raises First Solar Estimates; PT Goes To $115

J.P. Morgan is raising its estimates of First Solar, Inc.

on better ASPs. J.P. Morgan has also increased its target to $115, but maintains UW on unfavorable risk/reward. “Our C10 revs/EPS remain unchanged at $2.6bn/$7.56, while our C11 revs/EPS go to $3.8bn/$8.97 vs. $3.6bn/$8.27 previously,” J.P. Morgan writes. First Solar currently trades at $137.04.