On Thursday, Bank of America raised the price objective for First Solar FSLR from $40 to $48 and maintained an Underperform rating.
Analyst Krish Sankar said the “most compelling aspect of [Wednesday's] presentation is the updated CdTe cell and module efficiency roadmap. Thin-film efficiencies in excess of multi-crystalline (potentially mono) modules by 2016 would be an impressive feat.”
First Solar's balance sheet remains “best in class, and enables management to pursue multiple strategies that potentially still include a YieldCo to maximize project value,” said Sankar.
Shares of First Solar are up another 1.9 percent to $70.68 after gaining 20 percent on Wednesday following upbeat guidance from management.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in