Friday, September 17, 2010

Credit Suisse (NYSE:CS) Raises First Solar (Nasdaq:FSLR) Price Target

First Solar (Nasdaq:FSLR) surged Thursday on the news Credit Suisse (NYSE:CS) increased the price target on the energy company from $150 to $160 for the next year.

Credit Suisse maintained their "Ourperform" rating on First Solar as well.

There has been slight bullish movements in solar recently, although it's probably far way premature to make assumptions in the weakening economy.

First Solar closed at $144.74 Thursday, gaining $4.48, or 3.19 percent.

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