UBS Up Target Price For First Solar to $170, Reiterates Buy

- UBS Up Target Price For First Solar to $170, Reiterates Buy



Jul 1, 2011

UBS increased its price target for First Solar (NASDAQ:FSLR) to $170 from $165 today and reiterated its buy rating on the stock.

The move comes after First Solar received conditional loan guarantees yesterday worth $4.5 billion from the Department of Energy to support three large solar panel projects in California.

Shares of First Solar are trading up 0.31% at $132.68.

First Solar has a potential upside of 14.3% based on a current price of $132.68 and an average consensus analyst price target of $151.63.

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