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Fly News Breaks for August 2, 2019
FSLR
Aug 2, 2019 | 06:52 EDT
Barclays analyst Moses Sutton recommends using any post-earnings weakness in shares of First Solar as a buying opportunity. The headline loss of 18c per share versus a flat consensus, combined with soft revenue and another increase in ramp costs could weigh on the stock near-term, Sutton tells investors in a research note. However, all of these points "miss the growing tailwind: 2021 and later bookings," says the analyst. He keeps an Overweight rating on First Solar and raised his price target for the shares to $79 from $68.
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).
