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Fly News Breaks for August 2, 2019
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
Sep 19, 2019 | 14:28 EDT
According to Bloomberg's Mark Chediak and Brian Eckhouse, wind and solar power, "once derided as boondoggles," is considerably less dependant on government subsidies globally. Recently, a JMP Securities analyst, according to the story, said, "The training wheels are of., "Prices have declined enough for both solar and wind that there's a path toward continued deployment in a post-subsidy world." According to the story is that pasty subsidies have worked and now " wind and solar have been deployed widely enough for manufacturers and developers to become increasingly efficient and drive down costs." Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link