First Solar (FSLR) +6.6% premarket as Goldman Sachs upgrades shares to Buy from Neutral with a...

|By:, SA News Editor

First Solar (FSLR) +6.6% premarket as Goldman Sachs upgrades shares to Buy from Neutral with a $64 price target (from $43), citing strong free cash flow, a low bar and reasonable valuation. Goldman sees "execution on an industry-leading 2.5GW backlog of predominantly North American projects positioning First Solar to generate $5-$6 of free cash flow per share annually through 2015."