Market Overview

UPDATE: DNB Markets Downgrades First Solar to Sell on Valuation

Share:
Related FSLR
SolarCity Won't Get Burned By Brexit, Analysts Say
Watch These 7 Huge Call Purchases In Tuesday Trade
Alliance Resource Partners: Coal Headwinds Spell Doom For Company (Seeking Alpha)

DNB Markets reduced its rating on First Solar (NASDAQ: FSLR) from Buy to Sell and lowered its price target from $21 to $20.

DNB Markets noted, "First Solar has surged 45% since the Q2 results. However, responding to worse than expected losses in the module division, we have trimmed 2013e EPS, and cut target price to USD20. Given the potential downside, we have downgraded from BUY to SELL."

First Solar closed at $21.43 on Friday.

Latest Ratings for FSLR

DateFirmActionFromTo
Jun 2016Wells FargoInitiates Coverage onMarket Perform
May 2016Argus ResearchMaintainsBuy
Apr 2016Standpoint ResearchUpgradesHoldBuy

View More Analyst Ratings for FSLR
View the Latest Analyst Ratings

Posted-In: DNB MarketsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (FSLR)

View Comments and Join the Discussion!