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Fly News Breaks for June 19, 2018
Jun 19, 2018 | 07:29 EDT
As previously reported, Credit Suisse analyst Michael Weinstein upgraded First Solar (FSLR) to Neutral from Underperform, noting that solar manufacturers and developers' stocks have recently slumped on concerns about the fresh round of "Section 301" tariffs on Chinese imports. However, he thinks the negative reaction is "overblown" for the space, and "even more overblown" for First Solar, which Weinstein notes doesn't have any Chinese factories and actually stands to benefit from tariffs on competing products. He maintains a $53 price target on First Solar shares. Other publicly traded companies in the solar space include Canadian Solar (CSIQ), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
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