First Solar Cheaper Than SunPower, Says Citigroup

August 21, 2008 at 5:27 pm PT

Citigroup’s solar technology analyst Tim Arcuri laid out the argument today for preferring shares of solar panel maker First Solar (FSLR) over those of SunPower (SPWR)–arguing that people get it wrong when they tend to think the former’s stock is more expensive than the latter’s. As measured by next year’s earnings per share (both companies are on a calendar fiscal year), SunPower trades at 26 times, while First Solar trades at 40 times, just going by today’s closing stock prices and the per-share forecast of $6.96 for First Solar and $3.64 for SunPower.

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Tagged with: Barrons, Citigroup, First Solar, forecast, frontpage, solar power, stock price, SunPower, Tech Trader Daily, Tiernan Ray, Tim Arcuri

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