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UPDATE: Jefferies Color On FSLR 4Q

Jefferies, which lowered its PT on shares of First Solar, Inc. (NASDAQ: FSLR), is providing some color on the stock.

“First Solar reported 4Q10 results Thursday after market close,” Jefferies writes. “We reiterate our Hold rating with slightly higher PT of $160 (from $154), reflecting higher EPS of $9.45 from $8.97.

“On the margin FSLR reported an in-line 4Q10 with modestly higher EPS and lower revenue. FSLR is a low risk play in a high beta sector; its strong 2011 visibility largely counters macro concerns, but this is partially offset by project development risk and lower EPC margin.”

First Solar closed Thursday at $164.68.

Posted-In: First Solar JefferiesAnalyst Color Analyst Ratings

 

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