Wednesday, April 30, 2008

Lazard Hikes First Solar Target (FSLR)

From 24/7 Wall Street:

There is an interesting call after First Solar Inc. (NASDAQ: FSLR) blew past earnings expectations and guidance today. Lazard Capital Markets alternative energy analyst, Sanjay Shrestha, has reiterated his BUY rating on the stock But his target has been raised to $350.00 from $300.00.

Shrestha noted that its output translates to a throughput increase to 45MW per line, up from 44MW in 4Q07, suggesting capacity of 1,035MW by year-end 2009....MORE