First Solar (FSLR) Slammed after Two-Notch Downgrade at Avian on Reliability Issue

First Solar (NASDAQ: FSLR) is under heavy pressure early Friday after Avian Securities downgraded the stock two notches from Positive to Negative citing a reliability issue.

The firm said a reliability issue related to the module junction box on First Solar modules is surfacing, which could be related to the attachment method of affixing the junction box to the back of the module.

Reliability of its product is one of the greatest risk to investing the stock, according to the firm.

For an analyst ratings summary and ratings history on First Solar click here. For more ratings news on First Solar click here.

Shares of First Solar are down 8 percent to $20.71.

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