UPDATE: Jefferies Color On FSLR 4Q
“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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.