Wednesday, May 4, 2011

UPDATED--First Solar: Goldman Sachs Maintains Buy, $190 Target, Morgan Stanley 'More Constructuve' (FSLR)

Update: "First Solar Analyst Roundup: Auriga, Brigantine, Cowen, Chanos (FSLR)"
Original post:
In premarket trade the stock is changing hands at $125.50, down $9.16. In yesterday's afterhours action I saw a print at $123.02, off $11.64. That may end up being the low for this reporting cycle, see link below.
We're waiting for Cowen's Stone and Auriga's Bachman to comment.
From StreetInsider:
Goldman Sachs reiterated its Buy rating and $190 6-month price  target on First Solar (NASDAQ: FSLR) following mixed results after the close.

The firm notes the solid 1Q11 results are likely to be overshadowed by a push-out toward a 2H'11 weighted earnings growth trajectory....MORE 
From Benzinga:

Morgan Stanley commented on First Solar , after the company announced its Q1 results, in a research report published today.

In the report, Morgan Stanley states, "We are starting to turn more constructive on FSLR after the recent underperformance in the shares. We believe consensus expectations for solar ASPs has moved closer to our global team's below consensus estimates (See “Solar 2011: Lower Shipments and Lower Prices”, published February 7th, 2011)...MORE
Declining First Solar Setting Up for a Trend Reversal With Today's Earnings Report (FSLR)