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Fly News Breaks for April 27, 2017
FSLR
Apr 27, 2017 | 08:17 EDT
As noted earlier, JMP Securities upgraded First Solar to Market Perform from Underperform. As reasons for the upgrade, analyst Joseph Osha cited valuation and his belief that there is a 25% chance of highly punitive tariffs being enacted on imported crystalline silicon cells and modules. In such a scenario, the analyst estimates that First Solar's stock could reach $80.
News For FSLR From the Last 2 Days
FSLR
Apr 24, 2024 | 11:02 EDT
Wells Fargo notes that a group of seven domestic solar product makers, including First Solar (FSLR), filed a petition to levy anti-dumping and countervailing duties on solar imports from Cambodia, Malaysia, Thailand and Vietnam, looking for duties ranging from 70.4% to 271.5%. The firm, which included the "important reminder" that "this is just a petition," says the uncertainty created by the petition is "incrementally positive" for First Solar and negative for Canadian Solar (CSIQ), Array Technologies (ARRY) and Nextracker (NXT).
