Fly News Breaks for August 2, 2019
Aug 2, 2019 | 06:58 EDT
JPMorgan analyst Paul Coster raised his price target for First Solar to $82 from $74 citing the company's "solid" execution of the Series 6 ramp, an "unplanned" 5% improvement in manufacturing throughput, and revenue visibility that he says now extends through mid-2021. First Solar remains on track for a "strong earnings inflection" into 2020, Coster tells investors in a research note post the company's Q2 results. He reiterates an Overweight rating on the shares.
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