North Coast Solar Stocks

October 29, 2009

First Solar falls 17%, but analysts calm

Filed under: FSLR — Tags: , , , , — Jason @ 11:04 am

NEW YORK (MarketWatch) — First Solar (FSLR) fell 17% to $126.60 on Thursday after the thin film solar panel maker weighed in with its earnings. Analysts at Jefferies said First Solar missed its revenue target due to $58 million in sales that will be recognized in the fourth quarter. Jefferies reiterated its hold rating and price target of $130 a share. “We believe that First Solar’s cost structure will remain the lowest in the industry even if silicon prices continue to decline,” analysts said.

Lazard Capital Markets reiterated its buy rating on the stock. “With shares under pressure on revenue deferral into fourth quarter and concern surrounding margin guidance, which simply reflects a higher mix of system business, we encourage accumulating positions on this weakness,” Lazard analysts said.

1 Comment »

  1. I as well as my buddies were reading through the best ideas from your website and then all of a sudden developed an awful suspicion I never expressed respect to you for those techniques. Most of the guys had been for that reason passionate to study them and have in effect surely been tapping into those things. Thanks for really being very accommodating as well as for pick out such incredibly good useful guides most people are really desirous to be informed on. My honest regret for not expressing gratitude to sooner.

    Comment by — March 20, 2012 @ 3:00 am

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at

%d bloggers like this: