Friday, November 19, 2010

First Solar Gets Some Love from Susquehanna, Price Target $180 (FSLR)

Update below.
Original post:
In premarket trade the stock is up $1.12 at $124.78.
I don't have much info on the analyst's skill, this is an initiation after all but the comments have a nice new-age feel to them.
Maybe we can all get together on the hill to watch the sun come up Monday morning.

On a more serious note Susquehanna's parent company, Susquehanna International Group is probably the largest privately held options trading firm in the world and the timing rather than the verbiage may be what's important here.*

From StreetInsider:

Susquehanna initiates coverage on First Solar (NASDAQ: FSLR) with a Positive rating and a price target of $180.
The firm reported that, "We believe that Clean Tech, excluding Wind, is still going through the learning curve, while others are moving through the infancy stage (Solar), and others are looking to penetrate new end market applications (LEDs). Unlike such pure-play tech segments, like Semis, many segments under Clean Tech are complex in terms of both supply (making them cheaper) and demand (elasticity point, substitution). We believe that an holistic approach should be used to better identify tomorrow's winners."
*See "Options: "Beating the Odds - Susquehanna International - Jeff Yass""

UPDATE: "More on the First Solar Initiation by Susquehanna, Likes Dec. $125 Calls (FSLR)"