First Solar shares dramatically undervalued, says Brean Capital Brean Capital believes expectations in the solar sector are running ahead of fundamentals and as a result all solar companies but First Solar reflect fair value. The firm said the market is favoring distributed generation over utility scale exposure, but they disagree with that view and as a result believe shares of First Solar are dramatically undervalued. Brean has a Buy rating and $83 price target on First Solar.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Criteo (CRTO) initiated with an Equal Weight at Morgan Stanley... Devon Energy (DVN) initiated with a Buy at Citi... Fair Isaac (FICO) initiated with an Outperform at William Blair... First Solar (FSLR) initiated with a Buy at Roth Capital... Ideal Power (IPWR) initiated with a Buy at Rodman & Renshaw... Juniper Pharmaceuticals (JNP) initiated with an Outperform at Northland... MeetMe (MEET) initiated with a Buy at Topeka... MoneyGram (MGI) initiated with a Buy at Feltl... Petroleum Geo-Services (PGSVY) initiated with a Buy at HSBC... Rubicon Project (RUBI) initiated with an Equal Weight at Morgan Stanley... Smart & Final Stores (SFS) initiated with a Buy at BB&T... Tuesday Morning (TUES) initiated with a Neutral at B. Riley.