NEW YORK, NY / ACCESSWIRE / June 21, 2017 / While First Solar's shares sank along with the market on Tuesday, Vivint Solar almost saw gains of 22% after a Goldman Sachs analyst upped his price target and said the company could be a potential acquisition target. First Solar closed in the red down over 2% but the stock has still been on a positive trend up after releasing better than expected first quarter earnings results last month.

RDI Initiates Coverage on:

First Solar, Inc.
https://ub.rdinvesting.com/news/?ticker=FSLR

Vivint Solar, Inc.
https://ub.rdinvesting.com/news/?ticker=VSLR

First Solar, Inc.'s shares closed down 2.48% on Tuesday despite any significant news. Last month shares saw gains of 30% after the company released a positive first quarter earnings report. For the first quarter, First Solar reported revenue of $892 million and earnings of $0.09 per share. In comparison, the average analyst estimate according to Zacks Consensus Estimate was revenue of $699 million. Looking forward, FSLR has pegged its revenue at $2.85-$2.95 billion from $2.8-$2.9 billion. The company also raised its gross margin guidance to 12.5-14.5% from 11-13% guided earlier.

Access RDI's First Solar, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=FSLR

Vivint Solar, Inc.'s shares exploded on Tuesday and closed up 19.54% on colossal high volume. Shares even hit a new high of $5.30 during intra-day trading after traders learned that the stock was upgraded by Goldman Sachs analyst Brian Lee. Not only did Lee upgrade the stock from neutral to buy, he also slapped a new price target on it. He lifted his price target from $3.50 a share to $6.00 share. The most exciting part about his upgrade is that Lee thinks the company could be a good buyout target. Lee noted that "there is an enhanced appeal for the company as a possible M&A target and moves his M&A rank from a 3 to a 1." Back in May, Credit Suisse Group set a $4.00 target price on the stock and gave the company a "hold" rating. Shares jumped as much as nearly 22% yesterday after Lee's upgrade.

Access RDI's Vivint Solar, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=VSLR

Our Actionable Research on First Solar, Inc. (NASDAQ: FSLR) and Vivint Solar, Inc. (NYSE: VSLR) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com