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"The company's having a hard time doing anything wrong, " said Mark Bachman, an analyst at Pacific Crest Securities.
FORBES: Magazine Article
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Mark Bachman, an analyst at Pacific Crest Securities, predicts First Solar's shares, already priced at 38 times earnings, will more than double.
FORBES: Storm Clouds
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The problem is that 70% of demand for panels is in countries that use the euro, while most of the panel production costs are booked in Chinese yuan and dollars, according to Mark Bachman, an analyst at Auriga USA. Bachman recently lowered his price targets for seven solar stocks over euro problems.
FORBES: Solar Stocks Eclipsed By Euro