Deutsche Bank Bullish On First Solar (FSLR) & Itron (ITRI) With Buy Ratings

Deutsche Bank is out with Buy ratings this morning after First Solar (FSLR) and Itron (ITRI) reported strong earnings results last night.

They have upgraded First Solar (FSLR) to Buy and raised the price target from $125 to $155.  “The company has demonstrated great flexibility with its business, and has built a captive project pipeline that can insulate the company should individual markets wither, or module ASPs come under great pressure.”

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Following Itron (ITRI) earnings, they reiterated their Buy rating and raised the price target from $85 to $87. “Following a strong bookings quarter and likely DTE order in 2Q ($75-100mln), the bears will have to wait a few more quarters for their backlog depletion thesis to potentially start playing-out.”

===> Click Here For Your FREE Itron Analysis

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