| 1. What are the two key mistakes beginners make in
reading trends? 2. Which "key" chart pattern reveals a top or bottom is near? 3. What are the most reliable chart patterns? Answer these questions and more with your FREE 10 day trading course |
Citi Maintains Hold On First Solar (FSLR), Raises Price Target
According to StreetInsider.com Citi is out with a hold on First Solar (FSLR) but is raising the price target from $130 to $150.
Citi believes the solar industry is entering a sustainable period of secular growth with business models in the space “exhibiting positive earnings leverage.”
“Consistent with our investment framework, we believe that solar stocks, in general, should trade at a premium to the broader market given fundamental demand drivers that should fuel earnings growth well above that of the broader S&P 500 in coming years. At the same time, we realize that current valuations for many solar stocks are likely unsustainably high and will compress over the longer-term.”
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
No comments yet.
Leave a comment