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Fly News Breaks for July 19, 2017
FSLR
Jul 19, 2017 | 06:26 EDT
In a research note titled "Ten Reasons Why Near term Momentum Could Continue," Deutsche Bank analyst Vishal Shah raised his price target for First Solar shares to $47 from $38. The analyst sees upside to Q2 estimates, primarily driven by better than expected component margins as well as revenue recognition of Switch Station project. Shah also believes consensus estimates could move "meaningfully higher" if the company were to recognize a $55M tax benefit. He keeps a Hold rating on the shares.
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).
