First Solar is up 15% after earnings, and analysts say there's more upside ahead

, and analysts believe there's more upside ahead for the stock.

The company got at least six price target hikes and one upgrade in the wake of its quarterly performance, which saw sales jump 70% year over year. "FSLR is our favorite name in the solar space," said Ben Kallo, analyst at equity research firm Baird. "We like FSLR due to its strong pipeline, continued cost and efficiency improvements, and strong balance sheet which will fund the ramp of Series 6 and provide growth optionality moving forward. We believe shares will trade higher as sentiment continues to improve," he added.

Following First Solar's results, Kallo reiterated his outperform rating on the stock and raised his target from $97 to $125, which represents a more than 50% jump from where the stock closed on Tuesday.

Pro Get on the train.

Pro Hello investors! Contact us and make a big profit in a short time. Here is my small benefit today. Whatsapp: +99899 443 32 62

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Solar jumps 9% after massive earnings beat, 70% sales increaseFirst Solar handily topped analyst estimates during the third quarter. boom_cm 👍👍 🚀🚀🚀
Source: CNBC - 🏆 12. / 72 Read more »

“Born for This”: Meet the Solar Industry’s First Black Woman CEOKristal Hansley became the first Black woman to launch a solar company when she founded WeSolar_Energy, already leaving her mark on an industry that is notoriously dominated by white men. If you looking for any Stationary Design then I am requesting you to please visit here
Source: VogueRunway - 🏆 705. / 51 Read more »