JPMorgan’s Paul Coster downgraded the rating for First Solar, Inc. (NASDAQ: FSLR) from Overweight to Neutral, while maintaining a price target of $69. He said that the company’s shares had gained 8.9 percent year-to-date, versus a 5.5 percent decline in the S&P500.
First Solar is among the highest quality stocks in the Solar segment, but its risk-reward trade off appears to be balanced at present, analyst Paul Coster said. The company continues to have a robust balance sheet and its fundamentals are expected to remain solid over the 2016-2018 period.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The company’s utility-scale thin film PV solar technology differentiates it in a commodity-like-module market, besides providing it with a sustainable competitive advantage. First Solar is scheduled to hold its Annual Analyst Day on April 5 and provide details of its technology roadmap and product development pipeline.
First Solar’s shares are not only trading at a justified premium to its peer group, but also at the top-end of its 5-year trading range, Coster pointed out.