Company News

BUZZ-First Solar's sunny outlook greens group

** Solar stocks see green after First Solar Inc’s strong full-year forecast

** FSLR jumps >10 pct to near 1-year high after co’s Q2 beat and raise, citing strong demand for solar panels and robust market for U.S. asset sales

** Co bumps its 2017 sales forecast by $150 mln, hikes adj EPS sharply to between $2-$2.50 from prior guide of 25-75 cents

** Brokers raise their PTs. Deutsche goes to $50 from $47; analyst Vishal Shah gets 5 out of 5 stars by StarMine for estimate accuracy on stock

** Cowen raises to $57 from $52; Baird ups by most, to $50 from $38

** SunPower Corp and Solaredge Technologies rise 3 pct, Nextera Energy Partners up >1 pct

** Canadian Solar Inc, JinkoSolar Holding Co up ~2 pct

** Of 19 analysts covering First Solar, 8 rate “buy” or higher, rest “hold”; median PT $51, up from $37 three mths ago

** FSLR recently up 7 pct at $47.95. Stock extends YTD gain to ~50 pct vs Guggenheim Invest Solar ETF’s 30 pct advance