Tuesday, June 25, 2013

J.P.Morgan Initiates Coverage On First Solar with an Overweight Rating (FSLR)

Being smart marketers JPM initiated yesterday, a day ahead of the President's speech.
We also mentioned FSLR for the first time in a couple years, for as the old traders used to say: "Well bought is half sold". Links below.
The stock is at $44.16 up $2.91. If bought for a trade yesterday we may have a "Buy on mystery, sell on history" rationale (or rationalization, if it goes higher).
From ValueWalk:
J.P.Morgan analysts have released a report on First Solar, Inc. (NASDAQ:FSLR) at Overweight with a 2014 year-end price target of $64.00. They view First Solar, Inc. (NASDAQ:FSLR) as the  best-positioned  pure-play  company in a market that should exhibit strong long-term growth. Solar contributes a tiny fraction of global electricity power but is on a technology-led cost trajectory, largely authored by FSLR,  that  should  put  this  renewable  energy  source  on  track  to  compete  head-on  with conventional power within 3-5 years. FSLR’s recent capital raise should enable it to get  a  head-start  on  this  diverse  opportunity,  building  momentum  in  sustainable markets.

Near-term Challenges, Growth Resumes in 2015
growth resumes in 2015

...MUCH MORE

First Solar Up 7% Ahead of Obama Speech
First Solar Up On Potential Obama Love (FSLR)
The Obama Climate Plan, June 2013: Sweeping Executive Power