Thursday, April 29, 2010

Cowen's Stone, Auriga's Bachman Comment on First Solar (FSLR)

The stock gapped up and is currently trading at $148.35, up $20.22.
I can't recall a single instance where FSLR gapped and didn't (eventually) fill the gap.

These are two of the better analysts covering the solars.
Two from SmallCapPulse:

Cowen’s Stone Comments on First Solar Results - Reiterates Outperform

Analyst Comments – Cowen’s Rob Stone commented on First Solar’s (Nasdaq:FSLR) results this morning, which he noted were better than 23% higher than Street estimates and P&L which “was better on every line.” Stone reiterated his OUTPERFORM rating, raised 2010-13E EPS and sees 30%+ upside for the stock vs. the market in 12 months.
Bachman Comments on First Solar (Nasdaq:FSLR) Results - Raises Price Target, Maintains HOLD
Analyst Comments – Mark Bachman commented on First Solar’s (Nasdaq:FSLR) Q1 results, noting that “Our call to be short into the Q1 earnings call was terrible as we were caught by three surprises yesterday.” He maintains a HOLD recommendation and a $147 price target.