Citi Comments on First Solar

Citi provided color on First Solar FSLR in a research report published today. Citi has a Neutral rating and $60 price target on the company. In the report, Citi notes, "We see two likely outcomes: 1) FSLR is taken private (given the massive lumpiness, up front capital requirements), or 2) it finds a rich parent (i.e, GE? Samsung? for technology differentiation). Barring this, it is apt to remain challenging." Shares of First Solar closed today at $33.45, down 21.42% from Tuesday's market close.