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Fly News Breaks for August 2, 2019
FSLR
Aug 2, 2019 | 06:13 EDT
UBS analyst Jon Windham raised his price target on First Solar to $80 and kept his Buy rating after its Q2 results and FY19 guidance, citing improving sentiment and a sequential quarterly earnings ramp. The analyst also notes the increase in module segment margins and a push in forward bookings at fixed pricing through the first half of 2021. Windham further notes that other alternative energy companies are guiding "significant" earnings ramps starting with the second half of 2019.
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).
