The stock is trading at $127.00, down $8.50.
Analyst Comments – Cowen’s Rob Stone reiterated his OUTPERFORM rating on First Solar (Nasdaq:FSLR) this morning after the company reported its Q210 financial results, pointing to cost/watt improvement, higher throughput, rising visibility and upside in the second half if the euro remains stable....
...Key Takeaways:· There is $0.20 upside if the euro remains at $1.30; raising 2010-13E EPS to $7.38, $8.47, $13.02 and $17.06 on revenue of $2.56B, $3.88B, $5.3B and $6.95B;
· Positive on systems business
· Sees 30% upside versus the market in 12 months