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Fly News Breaks for April 22, 2019
FSLR
Apr 22, 2019 | 09:27 EDT
Roth Capital analyst Philip Shen raised his price target for First Solar to $75 from $60 ahead of quarterly results. The analyst continues to see upside to the stock as he expects the tight module supply in the U.S. to sustain through 2019 and support bookings in 2021 and beyond. Eventually, Shen expects bookings beyond 2020 to support further capacity expansion, though this will likely come into focus in the second half of 2019 and does not expect an announcement on the Q1 call. He reiterates a Buy 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).
