Solar: Lehman Ups Targets, Estimates On ESLR, FSLR

Lehman’s Vishal Shah this morning upped his price targets and earnings estimates this morning for both Evergreen Solar (ESLR) and First Solar (FSLR). For First Solar, Shah lifted his price target to $335 from $280. He raised his 2008 EPS estimate to $3.05 from $2.80, and for 2009 he goes to $7.20 from $6. “FSLR continues to remain our high conviction idea into Q2 earnings as we expect significant upside to Street estimates from better-than-expected output in Malyasia, gross margin expansion an