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Lehman: Solars FSLR and ESLR Have Bright Future

Posted on June 23, 2008

Lehman s Vishal Shah Monday morning upped his price targets and earnings estimates for both Evergreen Solar (ESLR) and First Solar (FSLR).For First Solar, Shah lifted his price target to $335 from $280. He raised his 2008 EPS estimate to $3.05 from $2.80, and for 2009 he goes to $7.20 from $6. FSLR continues to remain our high conviction idea into Q2 earnings as we expect significant upside to Street estimates from better-than-expected output in Malyasia, gross margin expansion and positive currency impact, he writes in a research note. We believe concerns over potential margin pres...

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earnings , eps , momentum , output