The stock is up 96 cents at $135.94 in pre-market trade.
Take this one seriously.
As I said in Monday's "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 StreetInsider:
Auriga maintains a 'Buy' rating and raises the price target from $138 to $173 on First Solar (Nasdaq: FSLR) citing increased confidence with regard to 2011 estimates.
An Auriga analyst says, "Specifically, we believe that exposure to the Euro will be significantly less in 2011 given First Solar's pipeline of North American based projects. We continue to use a USD/EUR exchange rate of 1.25; thus our increased estimates are primarily derived from higher production levels coupled with less Euro exposure."...MORE