Raymond James Downgrades First Solar (FSLR) to Underperform
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First Solar (FSLR) May be Good Short Candidate as Margins, Profitability to Ebb
January 4, 2013 8:45 AM ESTFirst Solar (Nasdaq: FSLR) is lower Friday morning following a downgrade at Raymond James earlier.
The firm cut First Solar from Market Perform to Underperform, seeing its legacy U.S. utility-scale project profitability falling off in the coming years. Analyst Pavel Molchanov notes that, although the firm avoided putting a Sell rating the the company, First Solar has become just as good a short opportunity as its peers.... More
