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First Solar (FSLR -1.8%) gives back some of its recent gains after Maxim Group reiterates a Sell...

First Solar (FSLR -1.8%) gives back some of its recent gains after Maxim Group reiterates a Sell and $9 PT. The firm declares those who believe First Solar's long-term outlook has improved in light of its guidance hike and latest solar construction deal to be misguided, and points out EPS is inflated by contracts priced at 2009 levels. Also, Maxim believes First Solar's cost advantage relative to Chinese vendors has evaporated. (previous)
Comments (3)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Agree with Maxim - sell.
    10 Aug 2012, 01:31 PM Reply Like
  • madmax3536
    , contributor
    Comments (46) | Send Message
     
    do you see FSLR near $14 in SEP?
    10 Aug 2012, 02:00 PM Reply Like
  • jimknueven
    , contributor
    Comment (1) | Send Message
     
    So if I am to believe Maxim the forward PE according to MSN moneys site would be 2 or less!! It does not take a Rhodes scholar to know that someone is wrong. Personally I think MSN has more credability, it would be a little more believable if they gave some basis for the $9 price target other than using an reason that they think contracts are priced wrong.
    10 Aug 2012, 03:05 PM Reply Like
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