First Solar Upgraded, Price Targets Hiked On Yieldco

By | February 25, 2015

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First Solar (FSLR) received upgrades and price target increases from several analysts Wednesday following a decision to partner with SunPower on a “yieldco,” despite a Q4 revenue miss and lower guidance. “The revenue guidance miss is due to less project sales as the company retains more projects for the yieldco,” RBC Capital Markets analyst Mahesh Sanganeria said in a research report Wednesday. SunPower and First Solar late Monday announced they Scalper1 News

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