And the same Goldman Sachs which, according to the preliminary prospectus for the recently completed offering, was going to bail out of $ 95,000,000 worth, until the tough market caused the underwriters to shrink the offering from the proposed 9.65 mm. shares to 6.5 mm.?
Here's Forbes on the analyst coverage:
Shares of First Solar Inc. jumped in premarket trading Wednesday, after a Goldman Sachs analyst began coverage of the solar module maker with a "Buy" rating, saying the company is well-positioned to handle any upcoming supply glut.
Shares advanced $2.81, or 2.8 percent, to $105 in premarket trading, after ending the regular Tuesday session at $102.19.
In a note to clients, analyst Michael Molnar initiated coverage on First Solar with a six-month target price of $125....MORE
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