Monday, June 23, 2008

Lehman Jacks First Solar (FSLR) Target to $335, Sees Q2 Upside

From ClusterStock:

Lehman is undeterred by all the recent negativity surrounding First Solar (FSLR). Upside to Q2 estimates, target up $55 to $335:

FSLR continues to remain our high conviction idea into Q2 earnings as we expect significant upside to street estimates from better than expected output in Malaysia, gross margin expansion and positive currency impact. We believe concerns over potential margin pressure and increased competition are unwarranted. Raise PT to $335....MORE