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jimmybob

05/04/17 7:55 AM

#312178 RE: jimmybob #312177

First Solar upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded First Solar to Buy from Neutral and raised its price target to $45 from $42 following the better than expected Q1 report and raised guidance . Analyst Krish Sankar said First Solar's execution has improved and said the low cost Series 6 product could lead to better margins starting in Q2 2018. Sankar also told investors First Solar's valuation is attractive and the balance sheet has strengthened