Maxim Group maintaines a "Sell" rating on First Solar
Maxim Group analyst Aaron Chew was more cautious. Chew maintained a "Sell" rating, saying shares are benefiting from one-time gains that masked weakness in the business. First Solar's second-quarter results will "light a fire under a stock plagued by negative sentiment as of late, (but) we expect the flame to soon die out," Chew said.
What I wonder is what is going to happen when all of the revenue recognition is complete and there will be very few small projects left? I was suprised to see un-won projects even listed on their slides, kind of like they are struggling to give false hope.