Raymond James analyst Bobby Zolper initiated coverage of First Solar (FSLR) with a Market Perform rating and no price target While the shares offer a “relatively compelling” risk/reward compared to peers, the company’s growth outlook is likely already priced in being that First Solar is a “consensus sell side long,” the analyst tells investors in a research note. Raymond James prefers to be on the sidelines, pointing out it already missed a 100% share rally from the lows.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSLR:
- Charged: EU sets guidance on price offers for Chinese EV exports
- First Solar’s Hot Run Cools as Investors Turn Cautious
- Albemarle, First Solar, Intuit, GM, Ford Trending With Analysts
- First Solar price target raised to $291 from $255 at BofA
- First Solar Stock (FSLR) Hits ‘Sentiment Limit,’ Warns Analyst