Stone Maintains OUTPERFORM Rating on First Solar (Nasdaq:FSLR) Ahead of Report
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/WpIndtCHb_w/Posted on Wednesday, October 28th, 2009 | In Investing Lessons, Small & Micro Cap
Contributed by: Small Cap Pulse (http://www.smallcappulse.com/index.php/blog/detail/) -
October 28, 2009 ndash; Analyst Comments ndash; Cowenrsquo;s Rob Stone reiterated his OUTPERFORM rating on First Solar (Nasdaq:FSLR) this morning, noting that he expects Q3 results above the Street. He sees 30%+ upside in FSLR relative to the market in 12 months, but sees more chance than not of a post quarter pullback.
Key Takeaways
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Q3 should beat ndash; expects results to be aided by slower ASP erosion and not much impact of rebates
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Doesnrsquo;t see much room to raise expectations in H2
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Sees continued growth in Germany, despite near-term uncertain relating to FIT reductions
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