Collins Stewart is upgrading First Solar (FSLR) to Buy and setting a $120 PT. The firm cites...

|By:, SA News Editor

Collins Stewart is upgrading First Solar (FSLR) to Buy and setting a $120 PT. The firm cites First Solar's low P/E, strong backlog of utility solar projects, and recent contracts for large projects in Nevada and California. First Solar, whose shares are down 26% YTD, has recently seen a small amount of insider buying.