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Cowen On First Solar (FSLR): Buy On Weakness
I’ll start calling them common sense Cowen because they’re the only ones (along with Wedbush) able to realize that this First Solar (FSLR) sell off is overdone and the Germany concern is an overreaction. Cowen is out defending First Solar this morning saying to buy on weakness
Hat tip to StreetInsider.com for the following analyst comments:
The firm says that the plans to offer rebates as an attempt to keep projects in Germany on track should be viewed as First Solar vying for its “traditional price leadership” rather than as a defensive move. They recommend buying the stock on weakness due to continually higher margins compared to peers.
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