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FSLR

First Solar

$36.92

-2.48 (-6.29%)

07:24
10/30/18
10/30
07:24
10/30/18
07:24

First Solar shares are 'significantly undervlaued,' says JPMorgan

JPMorgan analyst Paul Coster believes First Solar is "significantly undervalued" based on a sum-of-the-parts analysis which factors in the company's current projects and net cash position. Net cash currently represents nearly 60% of market value and the core module business is trading at about 3.9 times 2021 EBIT net of capex and pending project sales, Coster tells investors in a research note. He keeps an Overweight rating on First Solar with a $75 price target. He reminds investors that the company will provide fiscal 2019 guidance on an investor update call to be held in late-Q4, which he believes could serve as a positive catalyst.

FSLR First Solar
$36.92

-2.48 (-6.29%)

10/26/18
JMPS
10/26/18
UPGRADE
JMPS
Market Perform
First Solar upgraded to Market Perform from Underperform at JMP Securities
10/26/18
10/26/18
UPGRADE

Market Perform
First Solar upgraded to Market Perform following 35% pullback at JMP Securities
As previously reported, JMP Securities analyst Joseph Osha upgraded First Solar to Market Perform from Underperform, citing valuation following the stock's 35% decline since the end of May. While he does not believe that the company's "artificially high pricing" can survive through 2020, he also thinks that "the wave of blatantly subsidized overcapacity dumped onto world markets by the Chinese government" should be absorbed or stopped at some point. In the meantime, the company continues to execute well and is insulated for the near-term from sharply declining prices, contends Osha.
10/26/18
ROTH
10/26/18
NO CHANGE
Target $65
ROTH
Buy
First Solar price target cut to $65 from $90 at Roth Capital
Roth Capital analyst Philip Shen reiterated a Buy rating on First Solar following the company's "mixed" Q3 and lowered guidance, but cut his price target to $65 from $90. In a research note to investors, Shen says despite the mixed quarter, the fundamental story around the S6 technology advantage has not changed, and that First Solar continues to drive strong bookings and is now sold out through 2020.
10/26/18
10/26/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tractor Supply (TSCO) upgraded to Outperform from Sector Perform at RBC Capital, to Outperform from Neutral at Wedbush, and to Neutral from Underperform at BofA/Merrill. 2. Twitter (TWTR) upgraded to Outperform from Perform at Oppenheimer with analyst Jason Helfstein saying he believes within the scope of Social Media, Twitter shares offer reasonable value with reduced execution risk. 3. First Solar (FSLR) upgraded to Market Perform from Underperform at JMP Securities with analyst Joseph Osha citing valuation following the stock's 35% decline since the end of May. 4. GrubHub (GRUB) upgraded to Conviction Buy from Buy at Goldman Sachs, to Buy from Neutral at DA Davidson, and to Buy from Hold at Stifel. 5. Six Flags (SIX) upgraded to Neutral from Underperform at Macquarie with analyst Matthew Brooks saying he believes negative catalysts have passed and valuation is more balanced. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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NBLX

Noble Midstream

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NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

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NBLX

Noble Midstream

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CSX

CSX

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0.91 (1.27%)

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HEXO

HEXO Corp

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0.17 (3.15%)

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WIN

Windstream

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  • 25

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AMSC

AMSC

$15.00

-0.8 (-5.06%)

07:40
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Conference/Events
AMSC management to meet with Roth Capital »

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NBLX

Noble Midstream

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  • 19

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General news
Treasury Market Outlook: bond yields have dipped slightly lower amid risk-off flows »

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CEQP

Crestwood Equity

$32.82

-0.06 (-0.18%)

07:39
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  • 19

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PODD

Insulet

$88.51

3.68 (4.34%)

07:38
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  • 25

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NWL

Newell Brands

$17.15

-4.55 (-20.97%)

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  • 19

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CEQP

Crestwood Equity

$32.82

-0.06 (-0.18%)

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Earnings
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  • 19

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IRBT

iRobot

$119.34

4 (3.47%)

07:38
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WPC

W.P. Carey

$75.16

-0.02 (-0.03%)

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EBAY

eBay

$36.59

0.28 (0.77%)

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MIDD

Middleby

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PEP

PepsiCo

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PATK

Patrick Industries

$47.06

2.01 (4.46%)

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SB

Safe Bulkers

$1.60

-0.01 (-0.62%)

07:35
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Earnings
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  • 19

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NXRT

NexPoint Residential

$38.40

0.13 (0.34%)

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Earnings
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  • 19

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DE

Deere

$158.99

-3.45 (-2.12%)

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BHVN

Biohaven Pharmaceutical

$45.32

1.36 (3.09%)

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