- Citi's Shahriar Pourreza: "Our sector tilt is favorable towards solar downstream names versus the upstream manufacturers - First Solar (FSLR +0.1%) is the bellwether in the downstream market."
- Pourreza predicts First Solar's "balance sheet strength and bankability premium" should "should allow it to continue to capture large scale projects in key growth regions globally."
- Shares are closing near breakeven on a day when many solar stocks are down over 4%. They remain well above where they traded going into last week's Q2 report.