BofA Merrill Downgrades First Solar (FSLR) to Neutral, Price Target Cut to $135
FSLR Hot Sheet
Rating Summary:7 Buy, 21 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 22
An analyst at Bank of America Merrill Lynch has downgraded shares of First Solar (Nasdaq: FSLR) following its Q3 results and concerning guidance. The firm moved its investment rating from Buy to Neutral, also cutting its price target from $180 to $135.
With shares of First Solar trading down more than 16% to around $127 today, BofA's new price target represents upside of about 6% from current levels.
We have numerous analysts out with downgrades on FSLR this morning. To see all the analyst action on the stock, visit our Analyst Ratings page.
First Solar, Inc. engages in the design, manufacture, and sale of solar electric power modules using a proprietary thin film semiconductor technology.
With shares of First Solar trading down more than 16% to around $127 today, BofA's new price target represents upside of about 6% from current levels.
We have numerous analysts out with downgrades on FSLR this morning. To see all the analyst action on the stock, visit our Analyst Ratings page.
First Solar, Inc. engages in the design, manufacture, and sale of solar electric power modules using a proprietary thin film semiconductor technology.
You May Also Be Interested In
- UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
- Solar Stocks Getting Fried (TAN)
- Notable 52-Week Highs and Lows of the Day 05/16: (OSUR) (LEN) (DRI) High; (CLWR) (VELT) (FSLR) Low
Create E-mail Alert Related Categories
DowngradesRelated Entities
Merrill Lynch, Bank of AmericaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
