UBS (NYSE:UBS) has upgraded First Solar (Nasdaq:FSLR) from "Neutral" to "Buy," citing increasing growth rates in the industry.
The price target of First Solar is a $150. It stands at a little over $126 a share today. Earnings were also lifted for the company, although that will be a bigger challenge than expansion.
Solar energy companies have been pushing their growth out, even though they continue to lose money, hoping scale eventually overcomes the ongoing losses.
Some solar companies have been working on acting like real companies by focusing on lowering operational costs so they can hopefully be profitable in weak or strong economic times.
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