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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 09:33 EDT
Roth Capital analyst Philip Shen maintained a Buy rating on First Solar (FSLR), but lowered his price target on shares to $65 from $75 following a Q4 miss "across-the-board" and weak FY20 guidance from the company. The analyst noted that management also announced the potential of selling off its project development business, which he said "could throw a wrinkle" into the 2020 guidance. However, the analyst kept his Buy rating on First Solar due to the company's leadership position in CdTe technology.
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