Stanford Downgrades First Solar (FSLR) to Sell
Stanford Group downgrades First Solar (Nasdaq: FSLR) from Hold to Sell.
Investors are selling shares of First Solar on the downgrade today. Additionally, traders may also still be responding to reduced guidance at Q-Cells yesterday. Q-Cells is the largest maker of solar cells, and so the news was negative for the entire solar sector, including First Solar, which was down about 12% at yesterday's close.
First Solar is currently down about 0.5% to $116.70.
First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology.
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