Shares of First Solar Up After Stifel Initiation at Buy Rating

In a report issued Wednesday, Stifel initiated coverage on First Solar, Inc. FSLR with a rating of Buy and a target price of $75. Analysts at Stifel see that a combination of value in unsold projects and a willingness on the part of the company to commit capital should bode well for their future. They should also benefit from industry declines in cost of capital. First Solar is up 1.55 percent to $62.21 in response to today's report.