UPDATE: Jefferies Color On FSLR 4Q

Jefferies, which

on shares of First Solar, Inc. (NASDAQ:

), is providing some color on the stock. “First Solar reported 4Q10 results Thursday after market close,” Jefferies writes. “We reiterate our Hold rating with slightly higher PT of $160 (from $154), reflecting higher EPS of $9.45 from $8.97. “On the margin FSLR reported an in-line 4Q10 with modestly higher EPS and lower revenue. FSLR is a low risk play in a high beta sector; its strong 2011 visibility largely counters macro concerns, but this is partially offset by project development risk and lower EPC margin.” First Solar closed Thursday at $164.68.