...First Solar (FSLR Quote - Cramer on FSLR - Stock Picks) price target raised at Goldman to $105 from $103 following strong Q3 results. Earnings were better than expected and management guidance included lower 2009 tax rates due to Malaysian tax holiday. Maintained Sell rating due to potential cuts to subsidies and oversupply issues in solar industry.On October 6, 2008 Goldman downgraded First Solar from Buy to Conviction Sell and lowered their price target from $365 to $103. I, being a cynic, opined that Goldman and other insiders had completed their selling.
On Tech Trader Daily's post "First Solar: Q3 Beats; Signs $800M In Deals; Stk Shines" I commented: