Last seen in a December Kinder Morgan post."Always remember: In the short run balance sheets don't move stocks, in the long run they rule."
First up, The Street:
First Solar (FSLR) Stock Surges, Goldman Sachs: 'Best-In-Class Balance Sheet'
NEW YORK (TheStreet) -- First Solar (FSLR - Get Report) shares are soaring 5.29% to $70.25 in pre-market trading on Tuesday after Goldman Sachs upgraded the solar equipment company to "buy" from "neutral" and boosted its price target to $100 from $61.And at Benzinga:
The firm said the company has the "best-in-class balance sheet."
In particular, analysts believe the company is positioned to navigate more selective financing markets and maintain a relatively low cost of capital while simultaneously providing financial flexibility to fund projects off its balance sheet, according to the firm's note.
Additionally, "We note First Solar is a key beneficiary of CA's decision to raise its renewable mandate to 50%, while the extension of the 30% federal ITC for solar in the US - where First Solar has significant leverage - does not appear to be appreciated in either estimates or the stock vs. peers," analysts stated....MORE
Goldman Upgrades First Solar To Buy As 'The Underappreciated Bellwether Takes Its Rightful Place'