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Barclays Optimistic About First Solar Earnings

By Market News Video Staff, Friday, October 22, 10:49 AM ET

Barclays increased its ESP estimates on shares of First Solar (NASDAQ:FSLR) this morning as the firm expects strong third quarter results as well as encouraging guidance from the company. Barclays set 2010 EPS estimates at $7.60 per share and 2011 estimates at $8.55. In the report, the firm maintained its equal weight rating and its $140 price target.

Shares of First Solar were higher this morning, helping the Market Vectors Global Alternative Energy ETF (GEX) climb this morning. First Solar accounts for 9.7% of the ETF's portfolio with only foreign-held Vestas Wind Systems accounting for more of the portfolio currently.

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   Alternative   Barclays   Energy   FSLR   First   Global   Market   NASDAQ   Shares   Solar   Systems   Vectors   Vestas   Wind   accounting   accounts   climb   company   currently   encouraging   equal   estimates   expects   firm   foreign   from   guidance   held   helping   higher   increased   maintained   more   morning   only   portfolio   price   quarter   rating   results   share   shares   strong   target   third   this   weight   well   were   with
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