J.P.Morgan Initiates Coverage On First Solar with an Overweight Rating

J.P.Morgan analysts have released a report on First Solar, Inc. (NASDAQ:FSLR) at Overweight with a 2014 year-end price target of $64.00. They view First Solar, Inc. (NASDAQ:FSLR) as the  best-positioned  pure-play  company in a market that should exhibit strong long-term growth. Solar contributes a tiny fraction of global electricity power but is on a technology-led cost trajectory, largely authored by FSLR,  that  should  put  this  renewable  energy  source  on  track  to  compete  head-on  with conventional power within 3-5 years. FSLR’s recent capital raise should enable it to get  a  head-start  on  this  diverse  opportunity,  building  momentum  in  sustainable markets. Near-term Challenges,…