first solar lights up on addition to goldman conviction list - solar street lights for sale
First Solar shares (FSLR -Get Report)
Shares rose more than 7% after the company joined Goldman Sachs on Wednesday (GS -Get Report)
The highly respected "belief purchase list "-
This is a recognition of the fundamentals of the company and the improvement of future earnings prospects, especially in emerging markets in Asia.
The first Solar stock rose $3.
87, rising to $60 in the Nasdaq stock market, Brian Lee, an analyst at Goldman Sachs, put the company on the firm's conviction-buying list, and raised its share price target from $64 to $75.
In a research report to customers, Li pointed out that in addition to the "continued advantage of the United States", "the fundamentals of the global solar landscape are improving"S.
The utility-scale development pipeline, "as the downwind of First Solar," is ready to harvest, the analyst said.
Specifically, Lee points out the prospect of First Solar expanding capacity in Malaysia, "which could add up to 23% growth to our 2021E EPS, everything else is equal.
"The share price of First Solar has reached $81.
As low as $36.
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