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JPMorgan adds First Solar to Focus List, boosts target to $72. JPMorgan analyst Paul Coster added First Solar to his firm's Analyst Focus List and raised his price target for the shares to $72 from $70. The company's Q1 results indicate it is heading toward a "strong earnings inflection" on the back of the Series 6 ramp, and this is not fully priced into the stock, Coster tells investors in a research note. He sees potential upside to 2020 earnings estimates and views First Solar as a near-term idea. Coster keeps an Overweight rating on the shares.

First Solar price target raised to $66 from $60 at Argus. Argus analyst David Coleman raised his price target on First Solar to $66 and kept his Buy rating after its raised FY19 revenue outlook, saying the company is well positioned in the solar industry given its "positive cash flow, solid balance sheet, and focus on cadmium telluride technology." The analyst also believes that First Solar is attractively valued at 22.1-times his expected 2019 earnings, which is around the middle of the 4.5- to 37.7-times historical average range and below the peer median of 26.3-times.

First Solar sentiment to improve on earnings ramp, says UBS. UBS analyst Jon Windham kept his Buy rating and $73 price target on First Solar after its Q1 results, saying the company's maintained guidance in spite of the Q1 earnings miss sets it up for an "aggressive sequential earnings ramp." The analyst believes that EPS growth is supported by First Solar's "ramping 3rd party Series 6 shipments" as well as declining start-up expense and expects investor sentiment on the stock to improve.