Market Overview

UPDATE: Citigroup Initiates First Solar at Buy on Solar Downstream Outlook

Share:
Related FSLR
First Solar's Huge Apple Project: A Glimpse Into The Future?
Have Short Sellers Given Up On Solar Stocks?
The Vetr community has upgraded $FSLR to 3-Stars. (Vetr)

Citigroup initiated First Solar (NASDAQ: FSLR) with a Buy rating and a $41.00 price target.

Citigroup noted, "[O]ur sector tilt is favorable towards solar downstream names versus the upstream manufacturers – FSLR is the bellwether in the downstream market. FSLR's balance sheet strength and bankability premium should allow it to continue to capture large scale projects in key growth regions globally – we see a robust pipeline outlook for the next several years. Our new $41 target price translates into an ETR of 45% - supporting our outlook."

First Solar closed at $29.02 on Tuesday.

Latest Ratings for FSLR

DateFirmActionFromTo
Feb 2015Standpoint ResearchDowngradesBuyHold
Feb 2015Northland SecuritiesUpgradesUnderperformMarket Perform
Feb 2015Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for FSLR
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Initiation Analyst Ratings

 

Related Articles (FSLR)

Around the Web, We're Loving...