05 December 2007

Clean Tech: More News on First Solar

First Solar is one of my favorite alternative energy stocks. I've been tracking it for a while now, for 100 points or so, (52-week low = 26.40; high = 252.390). And I liked what I heard on last month's conference call.

Earlier this week, Lazard raised its price target to $250 from $225, citing "its overall strategy to garner leading and defendable market share in the mainstream electric power generating market, without subsidy, while maintaining a superior return on capital through people, processes, technological leadership, scale, strong financial discipline, and risk control"...and that First Solar "reiterated its cost-reduction goal of achieving module ASP of $1-$1.25/watt by 2010-2012."

Analyst Sanjay Shrestha of Lazard Capital Markets said, "We believe this strategy will allow First Solar to successfully migrate from subsidized markets, to renewable energy markets, to mainstream electric power markets over the next several years."

And today, First Solar (Nasdaq:FSLR) announced that its Chief Financial Officer, Jens Meyerhoff, will present to the investment community on Thursday, December 6, 2007 at 3:00 PM PT (6:00 PM ET), at the Lehman Brothers Global Technology Conference in San Francisco, CA.

Live and replay audio web casts of the Company's presentation will be available on the "Investors" section of the Company's website at investor.

First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor process. For more information, see First Solar.

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