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Fly News Breaks for August 1, 2018
FSLR
Aug 1, 2018 | 06:47 EDT
JPMorgan analyst Paul Coster added First Solar to his firm's Analyst Focus List as a near-term idea. The recent pullback in the shares, induced by the Chinese policy reset and "weak" Q2 results, presents investors with a buying opportunity, Coster tells investors in a research note. The analyst views Fist Solar as "best-in-class" in the solar space, with "industry-leading" gross margins, balance sheet, and visibility reaching through 2020. He calls the stock a top pick within his Alternative Energy coverage. Coster keeps an Overweight rating on the name with a $79 price target.