First Solar partners with Zhenfa on thin-film PV demonstration project in China First Solar has completed an agreement with Zhenfa New Energy Science & Technology Co., Ltd. to supply 2 megawatts of First Solar’s advanced thin-film solar modules to one of Zhenfa’s approved solar projects in Xinjiang province in the first quarter of 2013. The collaboration will create First Solar’s first commercial demonstration project in China and provide a strong platform to showcase the company’s state-of-the-art photovoltaic technology.
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First Solar price target raised to $87 from $63 at Citigroup Citigroup raised its price target for First Solar shares to $87 from $63 after shifting its valuation to 2016 estimates and reiterates a Buy rating on the stock. Citi believes First Solar's 2013 guidance could prove conservative.