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First Solar, Inc. Message Board

  • minchie89 minchie89 Nov 15, 2011 4:17 PM Flag

    Maxim Believes First Solar Could Be Takeover Target

    Maxim Believes First Solar Could Be Takeover Target ..
    Maxim believes a potential acquisition of First Solar (NASDAQ:FSLR) is more likely following the stock's 72% year-to-date drop. The firm speculates a First Solar takeover by General Electric (NYSE:GE) at a 25%-40% premium could be accretive to GE shares and thinks First Solar is likely a more willing seller given the company's turbulent year. Maxim keeps a Hold rating on on the stock.

    Shares of First Solar are trading up 0.45% to $44.85 in afternoon trade on Tuesday.

    First Solar is currently below its 50-day moving average (MA) of $62.59 and below its 200-day MA of $114.18. In the last five trading sessions, the 50-day MA has fallen 4.61% while the 200-day MA has slid 1.37%.

    First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.

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    • Maxim may have done their research on FSLR but certainly not GE. GE is already hugely invested in Primestar - a competitor to FSLR making teh same Cd TE modules. GE does not cannibalize itself and would not buy another Cd Te manufacturer - especially with poly prices dropping weekly.

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