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Fly News Breaks for February 26, 2018
FSLR
Feb 26, 2018 | 05:06 EDT
Deutsche Bank analyst Vishal Shah views First Solar's $150M revenue guidance raise as conservative. India project push-outs drove $100M of the increase and only $50M is from 180MW of incremental S4 capacity, Shah tells investors in a research note. He sees conservatism in the guidance and expects the company to raise the 2018 outlook over the next few quarterly calls. The analyst remains a buyer of First Solar on the post-earnings selloff and keeps a Buy rating on the shares with a $75 price target.