First Solar (FSLR) PT Raised to $105 at Cowen

Cowen analyst Jeffrey Osborne raised the price target on First Solar (NASDAQ: FSLR) to $105.00 (from $104.00) while maintaining an Outperform rating.

The analyst commented, "We are upbeat about First Solar's plans to expand capacity in India and Ohio at capex per watt of $0.20/w vs $0.30/w prior. 3.3 GW are planned at both India and Ohio plants and capacity is expected to double to 16 GW by 2024. 9 GW of bookings in first 7 months are the highest vs. any other year, though freight & shipping costs remain a pain point and will pressure margins through '21."

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