Deutsche Bank Reiterates Hold, $30 PT on First Solar
Deutsche bank maintains its Hold rating and $30 target price on First Solar (NASDAQ: FSLR ) ahead of the company's earnings call.
Deutsche Bank says, "Expectations are low going into the earnings call but we see limited catalysts in the near term. We expect shares to remain under pressure until the company shows significant progress on module and systems cost reduction front. Revised market development efforts are encouraging but low natural gas prices in the US, negative policy outlook in the EU and policy/financing headwinds in new markets such as India/China could limit near term demand growth, in our view."
FLSR closed at $35.58 a share on Friday.
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