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.

You May Also Be Interested In

• First Solar (FSLR) PT Raised to $323 at Morgan Stanley
• Nomura/Instinet Downgrades Pop Mart International Group Ltd (9992:HK) to Neutral
• TD Cowen Downgrades Roots Corp. (ROOT:CN) (RROTF) to Sell