Maxim Group: First Solar's 4Q11 Preview

According to a research report published today, Maxim Group expects First Solar inc. (NASDAQ: FSLR) to report minimal surprises for its 4Q report.

Maxim Group commented, “Risks to 4Q Low following Guidance Update on Dec. 14: With FSLR having lowered its 4Q revenue, operating income, and EPS guidance on Dec. 14, we expect little downside to 4Q results. While we forecast above consensus revenue of $813m and in-line gross margin of 37%, higher opex assumptions drive our EPS estimate of $1.54 essentially in line with the Street at $1.55 (excluding $0.85 in impairment/severance charges FSLR expects to book in 4Q).”

Maxim Group maintains its Hold rating on First Solar, which closed yesterday at $42.38.