Pacific Crest is the shop where one of the better solar analysts, Mark Bachman, used to hang his hat.
Here's his replacement via Tech Trader Daily:
Pacific Crest analyst Weston Twigg today writes that First Solar’s (FSLR) Q4 report, due out on Thursday, could be a chance to take profit in the stock, based on his view that prices for solar modules may decline on average by 10% to 20% this year and next, faster than a 7% drop in First Solar’s cost of manufacturing annually.
The likelihood is that First Solar will beat Thursday, writes Twigg, and he’s modeling $634 million in revenue and $1.72 per share in earnings, below the consensus $648 million and $1.76.
Moreover, he sees “attractive” growth in 2011, with revenue rising 49% and EPS rising 24%....MORE