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Fly News Breaks for August 2, 2019
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.
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