Cantor Fitzgerald: Sell FSLR, Goldman Sachs Slashes AONE Price Target

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08:38:23 am on June 11, 2010

Goldman Sachs slashed its price target on A123 Systems (AONE) this morning from $15 to $9, but kept the Neutral rating following a meeting with management.  The firm raised 2010-2012 revenue estimates, but forecasts larger EBITA losses. The firm raised 2010 revenue estimates form $139M to $141M, 2011 from $262M to $276M and 201 from $416M to $431M. EBITA loss estimates rise from ($76M) to ($98M) for 2010, ($44M) to ($67M) for 2011 and $13M to ($2M) for 2012. Shares of AONE are down about 3% this morning. 

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Cantor Fitzgerald initiated coverage on First Solar (FSLR) with a Sell rating and a $70 price target.  This is another bearish rating in a series over the past several days, but FSLR continues to hold up and retain big support around $100.  Shares of FSLR are down about 4% this morning at 105.

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