Monday, July 26, 2010

"Cowen’s Stone Reiterates OUTPERFORM on First Solar" (FSLR)

Stone, along with Auriga's Mark Bachman are two of the better analysts covering the stock, with Bachman the slightly better timer.*
From SmallCapPulse:
Cowen’s Rob Stone reiterated his OUTPERFORM rating this morning on First Solar (Nasdaq:FSLR) citing strong demand and a rebounding Euro, as well as a large North American utility scale pipeline. Stone sees 25% upside vs. the market in 12 months.

Key Takeaways:
·         Sees 5-10% upside vs. St. Q210E EPS of $1.60 on revenue of $541 million,
·         Sees 2010 global PV demand of 11-12GW (+58%) and 14-15GW (+25%) in 2011...MORE
Be careful. The company reports on the 29th and the stock has run up from $102ish. For the last four quarters there has been a pattern of mystery/history, buy on rumor, sell on news. The big positive is that FSLR announce last quarter that current production capacity was sold out for the year. They are trying to get a couple more lines up and running.
See also:
"Taking a Shine to First Solar " (FSLR)
"Auriga Picks Up Solar Coverage on Eight Stocks; Assigns Buys to TSL, YGE and SOLF"
"First Solar Preview: It's About the Outlook" (FSLR)
UPDATE III: "Cowen's Stone, Auriga's Bachman Comment on First Solar (FSLR)"
"First Solar to add 4 new production lines: sold out through 2010" (FSLR)
"First Solar Posts Surprise Profit Growth On Strong Demand" (FSLR)
Original post:
Following up on yesterday's "Auriga Sees First Solar Entry Point Coming" (FSLR)"'....