Goldman Sachs Downgrades First Solar (FSLR) to Sell

Billions in U.S. solar projects shelved after Trump panel tariff

June 7, 2018 1:07 AM EDT

By Nichola Groom

(Reuters) - President Donald Trumps tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with thousands of jobs, the developers told Reuters.

That's more than double the about $1 billion in new spending plans announced by firms building or expanding U.S. solar panel factories to take advantage of the tax on imports.

The tariffs bifurcated impact on the solar industry underscores how protectionist trade measures almost invariably hurt one or more domestic industries for... More

First Solar (FSLR) Downgraded to Sell at Vertical Group; China a 'Seismic Shift'

June 6, 2018 4:53 PM EDT

(Updated - June 6, 2018 5:06 PM EDT)

Vertical Group's Gordon Johnson downgrades First Solar (NASDAQ: FSLR) from Buy to Sell with a $25 price target.

Calls "A seismic shift in public policy from China roils solar markets and prompts us to reassess our outlook on FSLR."

... More

First Solar (FSLR): China a 'Red Herring', Buy the Dip - Roth Capital

June 6, 2018 1:23 PM EDT

Roth Capital analyst Philip Shen is telling clients to buy the dip in First Solar (NASDAQ: FSLR), saying the Chinese policy changes is a red herring for FSLR as it doesnt materially change 2018, 2019, and even 2020 economics.

"Notably, our checks confirm that China's... More

First Solar (FSLR) PT Lowered to $79 at JPMorgan on 'Faster Pace of Solar Panel ASP Decline'

June 6, 2018 6:40 AM EDT

JPMorgan lowered its price target on First Solar (NASDAQ: FSLR) to $79.00 (from $85.00) while maintaining a Overweight rating, following an update to company's outlook.

Analyst Paul Coster notes a cautious outlook on the shares, as FSLR faces an accelerating decline in... More

First Solar (FSLR) PT Lowered to $62 at Guggenheim Following on China Announcement

June 6, 2018 6:07 AM EDT

Guggenheim lowered its price target on First Solar (NASDAQ: FSLR) to $62.00 (from $74.00) while maintaining a Neutral rating.

... More

JMP Securities Downgrades First Solar (FSLR) to Market Underperform

June 6, 2018 5:17 AM EDT

JMP Securities downgraded First Solar (NASDAQ: FSLR) from Market Outperform to Market Underperform with a price target of $46.00 (from $87.00).

Analyst Joseph Osha cites oversupply concerns for the double downgrade and believes recent developments in China are like to pressure margins beyond 2019. The analyst... More

BofA/Merrill Lynch Downgrades First Solar (FSLR) to Neutral

June 5, 2018 7:02 AM EDT

BofA/Merrill Lynch downgraded First Solar (NASDAQ: FSLR) from Buy to Neutral with a price target of $63.00 (from $83.00).

Ananlyst Julien Dumoulin-Smith sees margin deterioration risks following the Chinese FiT changes.

For an analyst ratings summary and ratings history on First... More