First Solar International
declined 8.8% during the week. For the 2010 fourth quarter, the company reported earnings per share at $1.80 vs. estimates of $1.74, while sales came in at $609.8 million vs. consensus $646.8 million. For 2011, the company expects net sales in the range of $3.7 billion-$3.8 billion vs. estimates of $3.76 billion and earnings per share in the range of $9.25-$9.75 vs. consensus $9.10.
Susquehanna increased its price target on First Solar to $190 from $180 on the company's fourth-quarter results citing improved revenue mix. RBC Capital raised its price target on the stock to $190 from $160 on expectations that the company will likely generate higher than expected margins and production. Meanwhile, UBS cut its rating to neutral from buy.
Other solar stocks
(SOL - Get Report)
Yingli Green Energy Holdings
GT Solar International
Suntech Power Holdings
declined around 9.3%, 3.7%, 3.6%, 1.9%, 1.8%, and 1.5%, respectively.
dipped 7.3% during the week, after 2010 fourth quarter losses widened to 51 cents per share from analysts' estimates of 34 cents.
dropped 5.8% after Global Hunter Securities cut the stock to accumulate from buy. Meanwhile, UBS lowered its target price to $49 from $51, maintaining neutral rating, and lowered 2011 EPS to $2.65 from $2.70 vs. consensus estimates of $2.93 per share.
Chesapeake Midstream Partners
dipped 9.1%, 8.9%, 8.1% and 6.4%, respectively.