First Solar Stock Rating Reaffirmed by TheStreet (FSLR) (UtahPeoplesPost)
First Solar, Inc. (NASDAQ:FSLR)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a research report issued on Monday, AnalystRatingsNetwork reports. The analysts wrote, “First Solar, Inc. (NASDAQ:FSLR) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company’s earnings per share.”
SolarCity, Real Goods Solar Grow Through Acquisitions (SustainableBusiness)
A couple of acquisitions are taking place among well-known solar installers, SolarCity Corp (NASDAQ:SCTY) and Real Goods Solar. SolarCity (Nasdaq: SCTY) is acquiring one of its most successful partners, Paramount Solar, for about $120 million. Paramount gets $116.3 million in SolarCity Corp (NASDAQ:SCTY) stock and the rest in cash, and its CEO, Hayes Barnard, will head SolarCity’s sales and marketing.
First Solar appoints VP for Saudi (TradeArabia)
First Solar, Inc. (NASDAQ:FSLR), a leading global provider of comprehensive photovoltaic (PV) solar systems, has expanded its regional business development capabilities with the appointment of Raed Bkayrat as vice president (VP) of business development for Saudi Arabia. Additionally, Ahmed S Nada, VP of business development for the Middle East, will also oversee the company’s commercial growth in North Africa. Bkayrat and Nada will report to Christopher Burghardt, VP of business development for Europe, the Middle East and Africa (EMEA), said a statement.
SolarCity Buys Marketing Firm, Eyes Million Installs (EarthTechling)
There was a big acquisition in the residential solar space this week and who, just a few years ago, could have imagined such a thing would be possible? It really is a sign of the rapid growth of this market, which hardly existed before the end of the last decade, that industry heavyweight SolarCity Corp (NASDAQ:SCTY) would go out and spend around $120 million to buy Paramount Solar. SolarCity Corp (NASDAQ:SCTY) CEO Lyndon Rive said Paramount was scooped up because it has “the best virtual sales organization in the solar industry, with an extraordinary ability to acquire customers at a low cost.”
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