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According to Auriga, First Solar's
FSLR Hold rating is reiterated.
Auriga reported that, while it makes no change to its model until a formal announcement about the French expansion is released, it briefly compares its current model against one that would not include the French facility. “The result is that our 2012 EPS estimate would change nominally and not lead to a change in our price target. We see 2012 total production decreasing by only 25MW, though more 2H12 weighted. Our $167 target is 15x our 2012 EPS estimate of $11.15. Our $167 target is 15x our 2012 EPS estimate of $11.15.”
First Solar closed yesterday at $149.85.
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Posted In: Analyst ColorAnalyst RatingsAurigaElectrical Components & EquipmentFirst Solar Inc.Industrials
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