First Solar (FSLR) looks poised for a higher open, after Maxim Group upgrades shares to Hold from Sell as a value play and Lazard Capital says the stock's recent selloff is overdone. Lazard expects First Solar to close on the two remaining Department of Energy loan projects and to find buyers for all three projects.
I love this. Maxim first puts a "Sell" on the company, now, it tries to call a bottom. I don't buy it.
FSLR closed at 70.24 on Friday. Keep an eye on that price. We may short the stock if it goes back below that...
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