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Fly News Breaks for February 12, 2018
FSLR
Feb 12, 2018 | 05:47 EDT
Credit Suisse analyst Michael Weinstein started First Solar with an Underperform rating and $55 price target. The analyst believes the "major catalysts" are behind the company. Further, he sees First Solar at risk if tariffs are withdrawn prematurely and thinks its S6 profitability needs proving versus commoditized lower price c-Si modules. Weinstein believes the stock is expensively valued at current levels.
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).
