The StreetInsider.com has a great run down of analyst reactions to First Solar’s (FSLR) guidance last night. The company guided higher and announced significant expansion plans over the next two years. The following is reprinted with permission.
Piper Jaffray: “While strong 2010 top-line guidance and newly announced capacity expansion are positives, a substantially higher mix of lower margin systems business is expected to prevent both margin and EPS expansion in 2010. FSLR remains the … Read the rest
Here are some analyst reactions to Energy Conversion Devices (ENER) today following last nights earnings warning. Hat tip to StreetInsider.com for the following analyst notes..
* Merriman Curhan Ford downgrades from Buy to Neutral
“While we continue to believe ECD has compelling and differentiated technology that can resist the pricing pressure caused by the glut of global module supply, the company is certainly not immune the to dismal credit markets. Data from California’s Solar … Read the rest
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